1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Archy [21]
2 years ago
14

Consider a perfectly competitive industry in a long-run equilibrium. if a single firm in that industry discovers a significant c

ost-saving production technology, then:________
Social Studies
1 answer:
Effectus [21]2 years ago
6 0

Consider a perfectly competitive industry in long-run equilibrium. if a single firm in that industry discovers a significant cost-saving production technology, then the rest of the industry will quickly adopt the new technology.

A perfectly competitive market reaches long-term equilibrium when not all firms are making economic profits and the number of firms in the market remains the same. Minimizing the long-run average total cost.

In a perfectly competitive market at long-term equilibrium, an increase in demand produces economic gains in the short term and leads to market entry in the long term. Declining demand will lead to economic losses (negative economic gains) in the short term and will force some companies to exit the industry in the long term.

Learn more about equilibrium at

brainly.com/question/517289

#SPJ4

You might be interested in
Which type of sociology relies on the researcher trying to understand the meaning behind the way people interact
telo118 [61]
Microsociolgy is the study of social interaction.  Social interaction is how people act and react to people and things around us.  Microsociology is based on interpretative analysis, not statistical or empirical observation.  Microsociology focuses on individual interaction rather than the interaction among groups. 
4 0
3 years ago
Read 2 more answers
What new weapon made allied leaders worry about the cost of invading the Japanese mainland
vovikov84 [41]
The newfound Hydrogen Bombs and Atom Bombs.
3 0
3 years ago
Read 2 more answers
What were the causes that led to the french revolution???????????????????????
Anna007 [38]
Struggle for hegemony and the Empire resource of the state. the conflict between the Monarchy & the nobility over the reform of the tax system that led to paralysis. impulse for reform intensifies political that reinforces traditional aristocratic constitutionalism. the aristocracy and the bourgeoisie. the agrarian crisis of 1788-1789 generates popular discontent and disorders.
8 0
4 years ago
Help!!!!!!!!! (Will make you brainelest if right answer) Which of the following was NOT a characteristic of Native American soci
Andrej [43]
Its c bro..............
5 0
3 years ago
Read 2 more answers
A(n) _____ is a group member whose work pace is significantly faster than the normal pace in his or her group.
Burka [1]
<span>A Rate buster is a group member whose work pace is significantly faster than the normal pace in his or her group.They do not maintain the good relationship with the co-workers which they were disliked by their colleagues.The word Rate Buster itself tells the meaning that they produce high productivity but it will cause reduction in rates.They do faster than normal workers but rate busters are slightly dangerous which may cause loss.</span>
8 0
4 years ago
Other questions:
  • _____, a behavior modification technique, is used to eliminate undesirable behavior, especially in children and adolescents, by
    6·1 answer
  • A poll found that 68.3​% of citizens felt the government was not working well. If seven people were randomly​ selected, what is
    15·1 answer
  • If you had to write the Declaration of Independence what would you include
    10·2 answers
  • What does the geographic theme of place describe about location
    5·1 answer
  • Which duty is associated with both regulatory agencies and independent executive agencies? 
    14·2 answers
  • In your opinion, do you think the<br> Great Depression contributed to<br> World War II?
    14·1 answer
  • Compare and contrast socialists and pacifists.
    8·1 answer
  • Give me five examples of the Mandela effect​
    13·1 answer
  • In the next few years following the publication of his book, Champollion deciphered many more hieroglyphs. He was named "Keeper
    9·1 answer
  • What is one major problem with the Uniform Crime Report
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!