In the short run, there are 500 identical firms in a competitive market. The firms do not use any resources that are available in limited quantities, and each of them has the following cost structure:
The long-run supply curve for this market is
A) positively sloped for all prices above $10.
B) horizontal at a price of $5.
C) horizontal at a price of $6.
D) horizontal at a price of $7.
Correct Answer:
Verified
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