--%>

Supply in short-run equilibrium

When a purely competitive industry is within short-run equilibrium, this: (w) should also be in long-run equilibrium. (x) won’t be in long-run equilibrium. (y) may or may not be within long-run equilibrium. (z) will experience market period disequilibrium.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Type of model used by economists Which

    Which type of model is used by the economists to analyze competitive market?

  • Q : Purely-competitive long-run equilibrium

    The typical firm produces in a purely-competitive long-run equilibrium where price equals as: (1) short-run average cost. (2) marginal cost. (3) long-run average cost. (4) average revenue per unit. (5) All of the above.

    Q : Price discriminate by unregulated

    Unregulated monopolistic firms which do not price discriminate do NOT: (i) have power as price makers. (ii) dominate the supply side of the market. (iii) select profit maximizing price/quantity combinations from the market demand curv

  • Q : Short-run supply curve of a competitive

    At any point on short-run supply curve of a competitive industry, every firm produces at the similar: (w) rate of technological equilibrium. (x) average cost. (y) marginal cost. (z) positive level of economic profit.

    Q : Product Differentiation During product

    During product differentiation, the firms attempt to: (w) become price takers. (x) gain a degree of market power over their pricing and sales of their products. (y) increase the supply of their products. (z) raise the price elasticity of the demand fo

  • Q : Define multiplier Multiplier : It is

    Multiplier: It is the number by which change in investment should be multiple in order to find out the resultant change in income and output.

  • Q : Problem on excise taxes The incidence

    The incidence (burden) of excise taxes on chandeliers, airline tickets, jewelry, and yachts, is most probable to be: (i) Proportional. (ii) Hierarchical. (iii) Regressive. (iv) Unfair. (v) Progressive. Please someo

  • Q : Human Capital and Wage Differentials

    Relative to the equally strong, smart and hard working people with minimum education, the high school graduates who invest much heavily in more advanced formal education are probable to experience the lower average: (i) Wages whenever first enter the work force. (ii)

  • Q : Human Capital-General Training The

    The knowledge regarding local trees and shrubs which Morgan learns as working as an apprentice landscaper in suburbs of a big city is an illustration of the advantages from: (i) Dirty work. (ii) Dues-paying. (iii) General training. (iv) High-skilled employment. (v) Sp

  • Q : Total revenue on profit-maximizing

    Total revenue roughly for the profit-maximizing lumber mill equivalents: (i) $1700 daily. (ii) $2500 daily. (iii) $3500 daily. (iv) $4590 daily. (v) $6000 daily.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1449479 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1923438
    Asked

    3,689

    Active Tutors

    1449479

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.