Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive. In the long run, there will be ______ firms in this market.
A)10
B)15
C)25
D)50

Question

Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.  In the long run, there will be ______ firms in this market.
A)10 
B)15 
C)25 
D)50

Quizplus · Accepted Answer

The Answer of Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.  In the long run, there will be ______ firms in this market.
A)10 
B)15 
C)25 
D)50

Assume That All Firms in This Industry Have Identical Cost