Ask Question
BusinessBusiness
Today, 09:18

The long-run supply curve would be perfectly elastic when

+2
Answers (1)
  1. Today, 09:22
    0
    In a competitive market there is only one price at which a firm makes zero economic profit. In a situation in which all firms on the market have the same production costs there will be only one market price that will be sustained in the long run. Perfectly elastic curve is the same as horizontal long-run supply curve. And the long-run supply curve will be perfectly elastic at this long-run equilibrium price.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The long-run supply curve would be perfectly elastic when ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The financial statements include an introduction known as the management discussion and analysis. This preface must contain information а bout:
Answers (1)
Ramon incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock.
Answers (1)
Dublin Inc. had the following common stock record during the current calendar year: Outstanding-beginning of year 2,600,000 Additional shares issued 6/30 280,000 Additional shares issued 9/30 280,000 A 13% stock dividend was paid on December 1.
Answers (1)
What has the greatest potential to demotivate you and lead you to unproductive activities
Answers (1)
Economic analysis indicates minimum wage legislation has a. made it possible for any teenager who wants to work to earn almost 80 percent as much as an adult. b. reduced the on-the-job training opportunities available to teenagers. c.
Answers (1)
New Questions in Business
Why may a hotel charge such very high prices for wine, soft drinks or even bottled water and yet quite reasonable prices for food and still get away with such high prices
Answers (1)
Who must make the determination to cancel an invitation for bids after bid opening? a. Contracting officerb. Chief of the contracting officec. Head of the contracting activityd. Agency head
Answers (1)
ABC Company is trying a new method of employee motivation. Entry-level employees undergo a year of close supervision and bi-weekly coaching sessions that give them the opportunity to ask questions and have their work reviewed by their supervisor.
Answers (1)
The long-run supply curve would be perfectly elastic when
Answers (1)
Lin Co., a distributor of machinery, bought a machine from the manufacturer in November for $10,000. On December 30, Lin sold this machine to Zee Hardware for $15,000, under the following terms: 2% discount if paid within 30 days, 1% discount if
Answers (1)
Home » Business » The long-run supply curve would be perfectly elastic when
Sign Up Forgot Password?