Business
Business, 10.09.2019 03:20, rederisbetter7637

Use the following graphs for a perfectly competitive market in the short run to answer the next question. the graphs suggest that in the long run, assuming no changes in the given information, multiple choice more buyers will come to the market. some firms will exit from this industry. buyers will leave the industry. new firms will enter the industry.

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Business, 22.06.2019 16:00, angelinaranee15
In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.
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Business, 07.08.2019 00:10, dondre54
In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.
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Business, 30.10.2019 22:31, amandasantiago2001
The accompanying graphs illustrate an initial equilibrium for the economy. suppose that oil prices increase temporarily. use the graphs to show the new positions of aggregate demand (ad), short-run aggregate supply (sras), and long-run aggregate supply (lras) in both the short-run and the long-run, as well as the short-run (esr) and long-run (elr) equilibria resulting from this change. then answer what happens to the price level and gdp?
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