Long-run market supply curves are downward sloping if

A) firms are identical.
B) the number of firms is restricted in the long run.
C) input prices fall as the industry expands.
D) All of the above.

C

Economics

You might also like to view...

As the federal funds rate changes, other interest rates tend to move in the same direction

Indicate whether the statement is true or false

View
Economics

In what way can liability rules lead to a more efficient outcome?

What will be an ideal response?

View
Economics