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polet [3.4K]
4 years ago
13

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.
Business
1 answer:
Degger [83]4 years ago
3 0

Answer: There has been a drop in demand.

Explanation:

The strength and sustainability of a business is the demand in the market, it would be painful and a loss making so many productions and there is little or nothing for demand at the moment. So the target is way to make sure there is a demand on the long run which will match up the production.

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4 0
3 years ago
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8 0
3 years ago
What function of the management process is used to monitor and ensure the organization is meeting its​ goals? A. Controlling B.
Andrews [41]

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Explanation:

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5 0
3 years ago
In the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical
earnstyle [38]

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