Which of the following is a short run adjustment?
a. A bakery hiring two additional bakers
b. Two new firms enter the textile industry.
c. Three firms leave the bicycle industry.
d. A computer hardware company builds a new factory.
a
Economics
You might also like to view...
The demand curve any monopolist uses in making output decisions is:
a. the same as the demand curve facing a perfectly competitive firm. b. vertical, because there are no close substitutes for its product. c. horizontal, because there are no close substitutes for its product. d. the same as the market demand curve. e. perfectly inelastic.
Economics
The best example of a standardized good would be:
A. corn. B. a handbag. C. an autographed baseball. D. breakfast cereal
Economics