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In the Short Run,there Are 500 Identical Firms in a Competitive

Question 457

Multiple Choice

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: 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. B) horizontal at a price of $3.33. C) horizontal at a price of $5. D) horizontal at a price of $7.
The long-run supply curve for this market is


A) positively sloped.
B) horizontal at a price of $3.33.
C) horizontal at a price of $5.
D) horizontal at a price of $7.

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