In the long run, the long price in this market will be:

Question

Quizplus · Accepted Answer

Based on the given information, the long price in this market is P1, which is the current market price. However, the question asks about the long term price, which could either increase or decrease from the current price. Without any further data or analysis, it is not possible to predict whether the price will be higher or lower than P1 in the long run. Therefore, option C, "lower than P1" is the best choice.

In the Long Run, the Long Price in This Market