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

Which type of central heating system is often used when heating many buildings from a central location? A. electric baseboard B. forced-air C. hot-water D. s
the height of wind formed waves depends on what three things?
4 L 342 mL + 2L 214 mL =
What happened to the world's population between 1950 to 2000?
What should you always remember when handling microscope slides?
mercury thermometer was invented by
Choose yes if you would document the item. Choose no if you would not document it. A graph that the writer constructed with information from another source. yes
How did flooding rivers contribute to the beginning of farming communities? a. They irrigated the crops when they overflowed. b. They created a marshy environm
What animals may be found in each zone?—be specific on listing them •Upper •Middle •Lower
10 gallons divided by 17 people