The long-run market supply curve in a competitive market will
a. always be horizontal....
Business, 06.05.2020 07:16 edirsonperez3073
The long-run market supply curve in a competitive market will
a. always be horizontal.
b. be the portion of the MC that lies above the minimum of AVC for the marginal firm.
c. typically be more elastic than the short-run supply curve.
d. be above the competitive firm's efficient scale.
Answers: 2
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