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Author Question: Firms are making profits in a decreasing-cost industry. Which of the following statements describes ... (Read 167 times)

Tazate

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on: Apr 19, 2019

Firms are making profits in a decreasing-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
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Marked as best answer by Tazate on Apr 19, 2019

InfiniteSteez

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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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Tazate

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

JCABRERA33

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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