Author Question: The long-run supply curve for a firm in a perfectly competitive industry is: A) negatively ... (Read 120 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
The long-run supply curve for a firm in a perfectly competitive industry is:
 
  A) negatively sloped.
  B) positively sloped.
  C) vertical.
  D) horizontal.

Question 2

Economics assumes people
 
  A) tend to compete more in markets than they do in government.
  B) tend to cooperate more in markets than they do in government.
  C) try to advance their own projects in market and government processes.
  D) try to pursue the public interest but find over time that only private interests matter.



momolu

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

For a complete list of videos, visit our video library