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A Purely Competitive Firm,as Shown Above,will Face What Kind of Change

Question 86

Multiple Choice

A purely competitive firm,as shown above,will face what kind of change in profits over the long run,assuming industry demand is constant? A) Profits will increase. B) Profits will decrease. C) Profits will be unchanged. D) Cannot be decided from the information given. A purely competitive firm,as shown above,will face what kind of change in profits over the long run,assuming industry demand is constant?


A) Profits will increase.
B) Profits will decrease.
C) Profits will be unchanged.
D) Cannot be decided from the information given.

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