« previous next »

Author Question: When will the long-run supply curve of a perfectly competitive market shift ... (Read 63 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: Jun 30, 2018
When will the long-run supply curve of a perfectly competitive market shift upward?

Question 2

If losses are incurred in a competitive industry, then over the long-run we can expect a greater quantity supplied, because market price will rise.
 a. True
  b. False
  Indicate whether the statement is true or false


Tonyam972

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

The long-run supply curve of a perfectly competitive market will shift upward if there is an increase in the variable cost.

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

A herd of barren-ground caribou at the Thelon River. This subspecies is a long-distance migrant A herd of barren-ground caribou at the Thelon River. This subspecies is a long-distance migrant
supply chain supply chain
long bone long bone
Long Term Control Medications Long Term Control Medications
An 82-kg painter stands on a long horizontal board 1.55 m from one end. This 27-kg board is ... An 82-kg painter stands on a long horizontal board 1.55 m from one end. This 27-kg board is ...
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: Chemical Equilibrium between N2O4 (colorless gas) and NO2 (brown gas)

For a complete list of videos, visit our video library