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
stepan [7]
3 years ago
14

The long-run market supply curve in a competitive market will

Business
1 answer:
34kurt3 years ago
4 0

Answer:

The answer is C.

Explanation:

Competitive market i.e perfect competitive market is the type of market that has many sellers and buyers, the products are identical or similar, no seller or buyer can influence the price of the products, there is low barriers to entry.

This market has a well defined supply curve. The long-run supply curve is a horizontal straight line which is equal to the minimum average cost. Because it is elastic, the price would remain the same irrespective of the output. So it is more sensitive to price(cost of production) in the long run.

You might be interested in
An industry comprised of a very large number of sellers producing a standardized product is known as:
mash [69]

Answer:

The appropriate response is "Pure competition".

Explanation:

  • Pure competition seems to be an economically efficient circumstance where there is already a massive quantity of international customers and retailers as well as the manufacturer would be ready for deployment.
  • Even though both a significant quantity of products as well as extremely similar or defined consumer items seem to be characteristics of pure competition.
5 0
3 years ago
​A television network decides to run a series of news stories highlighting the need for stronger regulations over gun sales and
DiKsa [7]
This is an example of.... Libtards... I mean the Democratic system that’s running&ruining this country.
7 0
3 years ago
Item 15 write a function that represents the situation. find the balance a in the account after the given time period t. $2000 d
slega [8]

fv=pv*(1+r)n^{2}

pv = previous value =2,000

r =rate= .05/4

n= number of periods = 5*4=20

This is the formula.

4 0
3 years ago
At a product's equilibrium price:
just olya [345]

Answer:

The answer is. C) any buyer who is willing and able to pay the price will find a seller for the product.

Explanation:

At a product's equilibrium price, the quantity demanded of the product equals the quantity supplied of the product. So that means that there will always be a supplier willing to sell the product to any consumer who is willing to pay for that product.

7 0
4 years ago
Examine this supply and demand graph for a product. What does the red dot
pantera1 [17]

The product’s equilibrium price

Just simply because the price and quantity is the same

7 0
3 years ago
Other questions:
  • Bright Daffodils Inc. operates in a state where the smoker's rights law is prevalent. Samantha, the HR manager at Bright Daffodi
    9·1 answer
  • Hello im Michal the fox how may tails i have three,two or,four
    8·2 answers
  • Presented below is information related to Bonita Corp. for the year 2017.
    9·1 answer
  • Fast Rocket, Inc. generated a net loss of $5,000 in its first year (2018) and taxable income of $15,000 in its second (2019). As
    8·1 answer
  • On January 1, Power House Co. prepaid the annual rent of $10,140. Prepare the journal entry to record this transaction.
    13·1 answer
  • On December 31, 2018, Perry Corporation leased equipment to Admiral Company for a five-year period.
    7·1 answer
  • Pauley Company provides home health care. Pauley charges $35/hour for professional care. Variable costs are $21/hour and fixed c
    10·1 answer
  • om may 1st the bank account show a credit balance of $1000. om mayn5th a deposit of $400 is made and on May 10ty a cheque is pai
    10·1 answer
  • Apr. 8 Sold merchandise for $9,500 (that had cost $7,021) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4%
    7·1 answer
  • Enith Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts P
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!