The long-run supply curve for a firm in a perfectly competitive industry is ________.
A) negatively sloped
B) positively sloped
C) vertical
D) horizontal
Correct Answer:
Verified
Q220: Which of the following situations depicts diseconomies
Q221: If firms in a perfectly competitive market
Q222: Free entry is said to exist in
Q223: In a perfectly competitive market,all firms in
Q224: The entry and exit of firms in
Q226: In a perfectly competitive market,the price in
Q227: If new firms enter an existing market,_.
A)
Q228: The entry of new firms into an
Q229: When price is less than the firms'
Q230: The following figure depicts a firm's long-run
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents