6. In the graph below, if the HDTV industry is a constant cost industry, thenrepresents the long run supply curve.represents the shortrun supply curve and$/QPoS4D.O S; S3.O S3: S.O Ss: Sy.O Sy; SaO Ss: SaO Si: S3.

In the long run for competitive market there is free entry and exit.

In the graph below, if the HDTV industry is a constant cost industry, then represents the short run supply curve and, represents the long run supply curve. $/Q S2 Po S3 S4 O S;; Sa. O Ss: S. O S;: S2. O Ss: S O S: Sa O S: S

In the graph below, if the HDTV industry is a constant cost industry, then represents the short run supply curve and, represents the long run supply curve. $/Q S2 Po S3 S4 O S;; Sa. O Ss: S. O S;: S2. O Ss: S O S: Sa O S: S

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter2: Fundamental Economic Concepts

Section: Chapter Questions

Problem 2E

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Question

In the graph below, if the HDTV industry is a constant cost industry, then
represents the long run supply curve.
represents the short
run supply curve and
$/Q
Po
S4
D.
O S; S3.
O S3: S.
O Ss: Sy.
O Sy; Sa
O Ss: Sa
O Si: S3.

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