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    Assume That All Firms in This Industry Have Identical Cost
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Assume That All Firms in This Industry Have Identical Cost

Question 21

Question 21

Multiple Choice

Assume that all firms in this industry have identical cost functions. Assume that all firms in this industry have identical cost functions.   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:

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