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.:- M91403083

Have any Question?Write your Review or question?

Related Questions in Business Economics

For each customer that calls into abc credit card billing

For each customer that calls into ABC credit card billing service call center, at the end of the phone conversation, the call center representative will offer each customer ONE of the following two products, a personal l ...

Cnsider simple linear regressionyi beta0 beta1xi

Consider simple linear regression yi = β0 + β1xi + εi. (1) Let zi = a+ bxi and yi = γ0 + γ1zi + δi . (2) Show that the predicted values of the least-square estimators in (1) and (2) are identical for all xi and zi

For the following question i cant understand where the 0086

"For the following question I can't understand where the 0.086 comes from via the t table. Please advise. The average test score of a population is 75. A sample of 9 students are randomly selected. The sample standard de ...

Inbspa statistics instructor wants to measure the

I. A statistics instructor wants to measure the effectiveness of his teaching skills in a class of 66 students ( N = 66). He selects students by waiting at the door to the classroom prior to his lecture and pulling asi ...

How are rbrvs intended to work and how will the change in

How are RBRVS intended to work and How will the change in relative prices across services and procedures affect resource allocation in medical care?

Whats your answer about the equilibrium change from an

What's your answer about the equilibrium change from an event which decreases both demand and supply? You don't need to provide graph here. Just describe the curve shifts and how the equilibrium price and equilibrium qua ...

What is bitcoin and why does it have value is bitcoin money

What is Bitcoin and why does it have value? Is Bitcoin money? Explain why it does or does not satisfy the three conditions it must meet to be considered money.

The demand for salt is relatively price inelastic while the

The demand for salt is relatively price inelastic, while the demand for pretzels is relatively price elastic. How can you best explain why and elaborate your answer.

A sample of 184 randomly selected students found that the

A sample of 184 randomly selected students, found that the proportion of students planning to travel home for Thanksgiving is 0.69. What is the standard deviation of the sampling deviation?

Suppose demand and supply are given byqdxnbsp 14 - 05

Suppose demand and supply are given by: Q d x = 14 - 0.5 P x and Q s x = .25 P x - 1 a) Determine the equilibrium price and quantitiy. b) Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium ...

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