Multiple Choice
Below,the graph on the left shows the short-run cost curves for a firm in a perfectly competitive market,and the graph on the right shows the current market conditions in this industry.What do you expect to happen in the long-run?
A) Market supply will decrease.
B) Market price will decrease.
C) The firm's profit will decrease.
D) both b and c
E) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
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