mariyaalbastaki6200 mariyaalbastaki6200
  • 03-03-2022
  • Business
contestada

n a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so (very price sensitive). What is another way to state this fact

Respuesta :

kleebaggins kleebaggins
  • 10-03-2022

Answer:

In the long run, the market will supply any amount of the good at the price where P = min. ATC.

Explanation:

Both supply and demand are more elastic in the long run than the short run, which corresponds to a leveling out of the supply and demand curves.

Answer Link

Otras preguntas

A cone shaped container can hold 340.2 in cubed. If the radius of the opening is 5in what is the height of the cone? Round to the nearest in.
Which is true about most members of the Senate? A) Most are lawyers. B) Most were born in foreign countries. C) Most are women. D) Most have limited
Can someone match these up?
Please answer this correctly
how much weight can a man lift in the jupiter if he can lift 100kg on the earth.calculate​
What is one advantage of using a credit card to make purchases? A) You can Earn Interest on your purchase B) You automatically improve your credit history C)
You can improve or maintain how well heart and lungs work by applying the FITT principle for a muscular endurance b muscular strength c flexibility d cardio
Find all solutions of the equation in the interval [0, 2π). cos x + sin x tan x = 2
simplify 3^8 x 3^4 / 3^2 x 3^8 leaving your answer in index form
What is the most likely reason why the author does not include a resolution?