Multiple Choice
If an industry's long-run supply curve is negatively-sloped,the industry has
A) increasing costs.
B) decreasing costs.
C) constant costs.
D) impossible to predict.
Correct Answer:

Verified
Correct Answer:
Verified
Q45: In a perfectly competitive market,the driving force
Q46: Of the following products,which is most standardized?<br>A)pizza<br>B)concrete<br>C)automobiles<br>D)clothing<br>E)paintings
Q47: Perfect competition is characterized by a(n)<br>A)large number
Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 9-5 shows
Q49: The demand curve facing a typical firm
Q51: The perfectly competitive firm's supply curve includes<br>A)that
Q52: If price equals average total cost at
Q53: Which of the following is true about
Q54: In a perfectly competitive market,the market demand
Q55: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -In short-run equilibrium,the