The ability of firms to enter and exit a market overtime means that, in the long run, Select one from the following options. the supply curve is more elastic. the demand curve is less elastic. the demand curve is more elastic. the supply curve is less elastic.

The ability of firms to enter and exit a market overtime means that, in the long run, Select one from the following options. the supply curve is more elastic. the demand curve is less elastic. the demand curve is more elastic. the supply curve is less elastic.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter9: Market Structure And Long-run Equilibrium

Section: Chapter Questions

Problem 6MC

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Question

The ability of firms to enter and exit a market overtime means that, in the long run,
Select one from the following options.
the supply curve is more elastic.
the demand curve is less elastic.
the demand curve is more elastic.
the supply curve is less elastic.

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