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Author Question: In the short run a. new firms may enter an industry. b. existing firms may change the quantity ... (Read 42 times)

lak

  • Hero Member
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  • Posts: 546
on: Jul 1, 2018
In the short run
 a. new firms may enter an industry.
  b. existing firms may change the quantity they are supplying.
  c. price and quantity supplied are absolutely fixed.
  d. quantity supplied is absolutely fixed.

Question 2

In the very short run
 a. new firms may enter the industry.
  b. existing firms may change the quantity they are supplying.
  c. price and quantity supplied is absolutely fixed.
  d. quantity supplied is absolutely fixed.


Meganchabluk

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  • Posts: 301
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


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lak

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Reply #2 on: Jul 1, 2018
Thank you :)


Meganchabluk

  • Sr. Member
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  • Posts: 301
Reply #3 on: Jul 1, 2018
Happy to help you


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