The long run supply curve for a constant cost industry is:
a. horizontal.
b. upward sloping.
c. vertical.
d. downward sloping.
a
Economics
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Refer to the figure above. The optimal price charged by the monopolistic competitor is ________
A) P1 B) P2 C) P3 D) P4
Economics
Suppose the equilibrium price of bottled water has risen from $1.00 per bottle to $2.00 per bottle and the equilibrium quantity has increased. These changes are a result of a ________ shift of the ________ curve for bottled water
A) rightward; demand B) rightward; supply C) leftward; supply D) leftward; demand
Economics