An industry in which the firm's cost structures do not vary with changes in production will have a long-run supply curve that
A. is perfectly elastic.
B. slopes downward.
C. is perfectly inelastic.
D. slopes upward.
Answer: A
Economics
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Refer to the table above. When there is no investment in this private closed economy, the equilibrium level of GDP will be:
All figures below are in billions of dollars.
A. $240 billion
B. $250 billion
C. $260 billion
D. $270 billion
Economics
Which of the following makes short-term conditional low-interest loans to LDCs?
A. World Bank B. Agency for International Development (AID) C. Agency for International Finance (AIF) D. International Monetary Fund (IMF)
Economics