Multiple Choice
Why is a long-run supply curve flatter than a short-run supply curve
A) Firms can enter and exit a market more easily in the long run than in the short run.
B) Long-run supply curves are sometimes downward sloping.
C) Competitive firms have more control over demand in the long run.
D) Firms in a competitive market face economies of scales in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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