The long-run market supply curve in a competitive market, Ask an Expert

Economics

The long-run market supply curve in a competitive market will

A. be the portion of the MC that lies above the minimum of AVC for the marginal firm.

B. typically be more elastic than the short-run supply curve.

C. always be horizontal.

D. be above the competitive firm's efficient scale

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91400977

Have any Question?Write your Review or question?

Related Questions in Business Economics

Two countries australia and france have their interest

Two Countries Australia and France have their interest rates to be 8% and 2 %, respectively. If their currencies trade according to 2 Australian $s buy one euro in the spot market, what will their future spot rate be in ...

How does one plan this problem out you borrow 10000 and

How does one plan this problem out? You borrow 10,000 and agree to repay the loan with 5 level payments of 2,500 at the end of each payment period. What periodic interest rate are you paying?

A jewerly store paid a unit price of 250 less 40 16 8 for

A jewerly store paid a unit price of $250 less 40%, 16% , 8% for a shipment of designer watches. the store's overhead expenses are 65% of cost and the required profit is 55% of coat. a. What is the regular selling price ...

Suppose there is no inflation and an insurance company

Suppose there is no inflation and an insurance company offers a contract that would pay $500,000 with certainty 50 years from now. What is the most that this contract would be worth today if: 1. The rate of interest is 7 ...

A bar wants to move into a new area they want to find out

A bar wants to move into a new area. They want to find out the average income of people in the area to set a price point. To estimate the income of the locals with an error of at most $5,000 at a 80% confidence level, wh ...

Question 1co6 from a random sample of 68 businesses it is

Question 1 (CO6) From a random sample of 68 businesses, it is found that the mean time that employees spend on personal issues each week is 4.9 hours with a standard deviation of 0.35 hours. What is the 95% confidence in ...

Problema new software package is being developed and tested

PROBLEM A new software package is being developed and tested to help analysts reduce the time required to design, develop, and implement a new information system. To evaluate the benefits of the new software package, a r ...

Simplifya factor and find the vertex form x2 6x 8b factor

Simplify a) Factor and find the vertex form x^2 +6x + 8 b) Factor the h value of of the vertex of 2x^2 - 10x - 30 c) Find the x-intercept and y-intercept of 5x - 4y=30

What is the role of local government leadership in assuring

What is the role of local government leadership in assuring that departments and divisions work together to achieve municipal goals and objectives?

1 in the united states many agricultural products such as

1. In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsidizing these products? Instructions: You may select more than one answer. Click the box w ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert