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beigefish857Lv1
6 Oct 2020
Give a decreasing cost industry example. Assume that the short-run average total cost curve for a perfectly competitive industry decreases as the output of the industry expands. In the long run, the industry supply curve will have which of the following?
a) a positive slope
b) a negative slope
c)be perfectly horizontal
d) be perfectly vertical
Give a decreasing cost industry example. Assume that the short-run average total cost curve for a perfectly competitive industry decreases as the output of the industry expands. In the long run, the industry supply curve will have which of the following?
a) a positive slope
b) a negative slope
c)be perfectly horizontal
d) be perfectly vertical
Vaishnavi KanukurtiLv10
5 Nov 2020
