Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Assume the short-run average total cost for a perfectly competitive industry increases as the output of the industry expands

Assume the short-run average total cost for a perfectly competitive industry increases as the output of the industry expands

Economics

Assume the short-run average total cost for a perfectly competitive industry increases as the output of the industry expands. In the long-run, the industry supply curve will:

a. Be perfectly vertical,

b. Be perfectly horizontal,

c. Has a positive slope,

d. Have a negative slope.

Option 1

Low Cost Option
Download this past answer in few clicks

2.88 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE