Business

Kolton

21 May, 05:22

Suppose a competitive market has a horizontal long-run supply curve and is in long-run equilibrium. If demand decreases, we can be certain that in the short-run, a. at least some firms will shut down. b. price will fall below marginal cost for some firms. c. price will fall below average total cost for some firms. d. at least some firms will enter the industry.

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Suppose a competitive market has a horizontal long-run supply curve and is in long-run equilibrium. If demand decreases, we can be certain ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

When a manager clearly communicates important goals to her employees and indicates that she will hold them accountable for meeting those goals, she is engaged in initiating structure.

You just sold 700 shares of Alcove stock at a price of $34.08 a share. Last year you paid $39.20 a share to buy this stock. You received dividends totaling $1.04 per share. What is your total capital gain on this investment

Select the advantages to banking online convenient lower fees efficient accessible from anywhere quick transaction speed always open

Consider an economy with two types of firms, S and I. S firms always move together, but I firms move independently of each other.

Explain how financial institutions affect businesses and households

New Questions in Business

Gloria's employer deducted 20 percent of her pay in the month of january due to personal problems he had with her. under the lilly ledbetter fair pay act, what period of time does gloria have to file an employment discrimination claim

The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers $ 470,000 Interest on notes receivable 10,500 Collection of notes receivable 52,000 Sale of investments 32,000 Issuance of

Which of the following statements describes an element of process costing systems? A. Total conversion costs include direct labor and manufacturing overhead costs included in beginning inventory and added to production during the period. B.

The liquidity premium on a us treasury debt security is normally considered to be

Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $5.80 dividend every year, in perpetuity. If this issue currently sells for $80.50 per share, what is the required return?