menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 11: Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition
  5. Question
    The Perfectly Competitive Firm's Long-Run Supply Curve Is
Solved

The Perfectly Competitive Firm's Long-Run Supply Curve Is

Question 17

Question 17

Multiple Choice

The perfectly competitive firm's long-run supply curve is


A) the same as the industry's supply curve
B) the average total cost curve
C) perfectly horizontal
D) the marginal cost curve above the ATC
E) the marginal cost curve above the AVC

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: A monopoly's economic profit is protected by

Q13: Perfect competition and monopolistic competition are similar

Q14: Let's use the example from the text:

Q15: A monopolist earns $1,000,000 economic profit in

Q16: If new firms enter a perfectly competitive

Q18: Why does a monopolist's total revenue eventually

Q19: The rule for profit maximization is the

Q20: If a firm is a price taker,

Q21: Costume jewelry is produced in a monopolistically

Q22: Ed Van Zaig is considering opening a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines