In reality, the long-run supply curve for a perfectly competitive market is upward sloping because:
A. of changing costs of production that firms may face.
B. not all firms have identical cost structures.
C. experienced firms will have different information and costs than new firms.
D. All of these are true.
D. All of these are true.
Economics
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Discuss the problems with policies to limit catch size and the use of the total allowable catch (TAC) policy
What will be an ideal response?
Economics
The production of information products is characterized by
A. relatively low fixed cost. B. diseconomies of operation. C. relatively low marginal cost. D. an upward sloping marginal cost curve.
Economics