Why does the short-run equilibrium situation usually not last long?
a. Firm downsizing happens in the long run.
b. Government regulations are applied in the long run.
c. Higher taxes are enforced in the long run.
d. Entry and exit happen in the long run.
d. Entry and exit happen in the long run.
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Disinvestment occurs when:
A. Businesses sell machinery and equipment to one another B. The prices of investment goods rise faster than the prices of consumer goods C. Businesses have larger inventories at the end of the year than they had at the start D. The consumption of private fixed capital exceeds gross private domestic investment
Some argue that a nation should not depend too heavily on other countries for supplies of certain key products, special materials, or technologies that might have ______________ applications.
a. general b. scientific c. national security d. international