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Use the Figure Below to Answer the Following Questions

Question 25

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions.     Figure 12.4.3 -Refer to Figure 12.4.3, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. In the long run, A) firms that remain in the market will expand production. B) market demand will increase. C) firms will adopt labour-saving technology. D) industry output will remain constant. E) firms will enter the market.
Figure 12.4.3
-Refer to Figure 12.4.3, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. In the long run,


A) firms that remain in the market will expand production.
B) market demand will increase.
C) firms will adopt labour-saving technology.
D) industry output will remain constant.
E) firms will enter the market.

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