The accompanying graph shows the long-run supply and demand curves in a purely competitive market. The curves suggest that in this industry, the marginal benefit to consumers of each extra unit of the product is
A)constant.
B)increasing.
C)decreasing.
D)not indicated in the graph.

Question

The accompanying graph shows the long-run supply and demand curves in a purely competitive market. The curves suggest that in this industry, the marginal benefit to consumers of each extra unit of the product is
A)constant. 
B)increasing. 
C)decreasing. 
D)not indicated in the graph.

Quizplus · Accepted Answer

The Answer of  The accompanying graph shows the long-run supply and demand curves in a purely competitive market. The curves suggest that in this industry, the marginal benefit to consumers of each extra unit of the product is
A)constant. 
B)increasing. 
C)decreasing. 
D)not indicated in the graph.

The Accompanying Graph Shows the Long-Run Supply and Demand Curves