In a competitive market, is the long-run supply curve typically more elastic than the short-run supply curve, or is it less elastic than the short-run supply curve?

What is cost-benefit analysis? What are the steps involved in using cost-benefit analysis to make the optimal choice?

What will be an ideal response?

In the above figure, of the quantities listed below, for which is the total deadweight loss the largest?

A) 0 units B) 10 units C) 20 units D) 30 units