This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Firms are making profits in an increasing-cost industry. Which of the following statements describes ... (Read 92 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Apr 19, 2019

Firms are making profits in an increasing-cost industry. Which of the following statements describes what will happen in the long run?


◦ More firms will enter this industry, causing the industry supply schedule to shift to the right and the 
LRAC curve facing firms to shift down.
◦ More firms will enter this industry, causing the industry supply schedule to shift to the right and the 
LRAC curve facing firms to shift up.
◦ Firms will exit this industry, causing the industry supply schedule to shift to the right and the 
LRAC curve to shift down.
◦ Firms will exit this industry, causing the industry supply schedule to shift to the left and the LRAC curve to shift down.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dakota nelson on Apr 19, 2019

Alyson.hiatt@yahoo.com

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


dakota nelson

  • Hero Member
  • *****
  • Posts: 604
Reply #2 on: Apr 19, 2019
Thanks


Alyson.hiatt@yahoo.com

  • Sr. Member
  • ****
  • Posts: 354
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

The Making of Black Harlem The Making of Black Harlem
This debutante is making her formal entrance into society, announcing her eligibility for marriage. ... This debutante is making her formal entrance into society, announcing her eligibility for marriage. ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Queen Nefertari Making an Offering to Hathor Queen Nefertari Making an Offering to Hathor
The impact of industry and manufacturing on our life The impact of industry and manufacturing on our life
Kyoto Protocol encourages industry to innovate and reduce the level of emissions Kyoto Protocol encourages industry to innovate and reduce the level of emissions
Video: DNA close up Animation

For a complete list of videos, visit our video library