Multiple Choice
The long-run supply curve under pure competition is derived by observing what happens to market price and quantity when market
A) demand changes and all consequent long-run adjustments have occurred.
B) supply changes and all consequent long-run adjustments have occurred.
C) technology changes and all consequent long-run adjustments have occurred.
D) regulation changes and all consequent long-run adjustments have occurred.
Correct Answer:
Verified
Correct Answer:
Verified
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