Solved

Assume That All Firms in This Industry Have Identical Cost

Question 88

Multiple Choice

Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive. Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.   In the long run, there will be ________ firms in this market. A) 10 B) 15 C) 25 D) 50 In the long run, there will be ________ firms in this market.


A) 10
B) 15
C) 25
D) 50

Correct Answer:

verifed

Verified

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

Related Questions