The accompanying graph shows the long-run supply and demand curves in a purely competitive market. The curves suggest that in this industry, the dollars' worth of other products that have to be sacrificed in order to produce each unit of the output of this industry 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 dollars' worth of other products that have to be sacrificed in order to produce each unit of the output of this industry 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 dollars' worth of other products that have to be sacrificed in order to produce each unit of the output of this industry is
A)constant. 
B)increasing. 
C)decreasing. 
D)not indicated in the graph.

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