Short-run average total cost for perfectly competitive firm


Assume the short-run average total cost for a perfectly competitive industry decreases as the ouput of the industry expands. In the long-run, the industry supply curve will? A.)have a positive slope B.) have a negative slope C.)be perfectly horizontal D.) be perfectly vertical.

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Microeconomics: Short-run average total cost for perfectly competitive firm
Reference No:- TGS074929

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