Solved

A Perfectly Elastic Long-Run Supply Curve Indicates

Question 291

Multiple Choice

A perfectly elastic long-run supply curve indicates


A) a decreasing-cost industry.
B) a constant-cost industry.
C) an increasing-cost industry.
D) that some input prices change as firms enter and exit the industry.

Correct Answer:

verifed

Verified

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

Related Questions

Q286: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q287: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -The firm in

Q288: For a firm in a perfectly competitive

Q289: Marginal revenue is<br>A) change in total revenue/change

Q290: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q292: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q293: If there is no output for which

Q294: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q295: Suppose a perfectly competitive firm faces the

Q296: If a constant-cost, perfectly competitive industry experiences