Which of the following is true about a perfectly competitive firm in the long run and in the short run? The supply curve in the short run is usually steeper than the supply curve in the long run. The demand curve in the short run is usually steeper than the marginal cost curve in the long run. The supply curve in the short run is usually steeper than the average total cost curve in the long run. The supply curve in the short run is usually flatter than the supply curve in the long run.
Which of the following is true about a perfectly competitive firm in the long run and in the short run? The supply curve in the short run is usually steeper than the supply curve in the long run. The demand curve in the short run is usually steeper than the marginal cost curve in the long run. The supply curve in the short run is usually steeper than the average total cost curve in the long run. The supply curve in the short run is usually flatter than the supply curve in the long run.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter8: Perefect Competition
Section: Chapter Questions
Problem 19SQ
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Which of the following is true about a
The supply curve in the short run is usually steeper than the supply curve in the long run.
The demand curve in the short run is usually steeper than the marginal cost curve in the long run.
The supply curve in the short run is usually steeper than the
The supply curve in the short run is usually flatter than the supply curve in the long run.
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