History, 15.04.2020 03:37 s913823

15. Chiquita produces bananas in a constant-cost perfectly competitive industry that is currently in
long-run equilibrium. If the demand for bananas decreases, Chiquita's profit-maximizing output will
change in which of the following ways in the short-run and the long-run?
Short-run
Long-run
A. Increase
Increase
B. Increase
Decrease
C. Decrease
Increase
D. Decrease
Return to original level
E. Increase
Return to original level

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