In a decreasing cost industry, the
a. long-run supply curve is horizontal
b. short-run supply curve slopes downward
c. long-run demand curve slopes upward
d. long-run supply curve slopes downward
e. long-run supply curve slopes upward
D
Economics
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Refer to Table 1-4. Using marginal analysis, how many hours should Eva extend her bakery's hours of operations?
A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours
Economics
Short-run costs are never equal or lower than long-run cost
Indicate whether the statement is true or false
Economics