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Author Question: Related to the Economics in Practiceon page 195: If the long-run average cost curve in an industry ... (Read 27 times)

futuristic

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on: Apr 19, 2019

Related to the 
Economics in Practice on page 195: If the long-run average cost curve in an industry has a long, flat section, which of the following must be 
true?


◦ There is no single point on the curve that is the best.
◦ Small firms have higher average costs than large firms.
◦ Existing firms have no incentive to expand.
◦ There would be no difference between the industry's short-run average cost curve and its long-run average cost curve.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by futuristic on Apr 19, 2019

SeanoH09

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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.
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futuristic

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Reply #2 on: Apr 19, 2019
TY


SeanoH09

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Reply #3 on: Apr 19, 2019
You're welcome


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