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

Plz help me out will mark as brainliest!!! Don’t copy anybody else’s answer 40 points
Which of the following is a question you should ask yourself when solving a problem?
Which of these is not used to describe a population? A. its size B. its migratory habits C. the spacing of its members D. its density
A 4-foot piece of aluminum wire costs $6.72. What is the price per inch?
solve for x. -2(x+1/3)+9x=4​
2r - 12 = 12 - 10r whats the answer
Choose the numbers that are irrational. 3.624 0.6 0.87 -5
HELP PLEASE NEED HELP!!!!!!!!!!!!!1
4/3+6=1/4x Solve the equation
A statement Sn about the positive integers is given. Write statements Sk and Sk+1, simplifying Sk+1 completely. Sn: 1 + 4 + 7 + . . . + (3n - 2) = n(3n - 1)/2