The graphs are for a purely competitive market in the short run. The graphs suggest that in the long run, assuming no changes in the given information,
A)some firms will exit from this industry.
B)more buyers will come to the market.
C)new firms will be attracted into the industry.
D)buyers will leave the industry.

Question

The graphs are for a purely competitive market in the short run. The graphs suggest that in the long run, assuming no changes in the given information,
A)some firms will exit from this industry. 
B)more buyers will come to the market. 
C)new firms will be attracted into the industry. 
D)buyers will leave the industry.

Quizplus · Accepted Answer

The Answer of  The graphs are for a purely competitive market in the short run. The graphs suggest that in the long run, assuming no changes in the given information,
A)some firms will exit from this industry. 
B)more buyers will come to the market. 
C)new firms will be attracted into the industry. 
D)buyers will leave the industry.

The Graphs Are for a Purely Competitive Market in the Short