Solved

Consider an Industry That Is in Long-Run Equilibrium

Question 366

Multiple Choice

Consider an industry that is in long-run equilibrium. An increase in demand leads to an increase in the price of the good. We know that this is

A) a decreasing-cost industry.
B) a constant cost industry.
C) an increasing-cost industry.
D) not a competitive industry.

Related Questions

Q361: The firm will shut down in the

Q362: Marginal revenue equals<br>A) total revenue divided by

Q363: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q364: In a perfectly competitive market, a firm's

Q365: The short-run supply curve for the perfectly

Q367: Which of the following statements about the

Q368: Suppose a perfectly competitive cotton farmer can

Q369: When considering perfect competition the absence of

Q370: In a perfectly competitive market structure both

Q371: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above