Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / In the long run for a perfectly competitive constant cost industry if existing firms are p...

In the long run for a perfectly competitive constant cost industry if existing firms are producing where price is greater than average total cost firms will enter the industry

In the long run for a perfectly competitive constant cost industry, if existing firms are producing where price is greater than average total cost, firms will enter the industry, price will A. fall, and existing firms will increase production. B. fall, and existing firms will decrease production. C. rise, and existing firms will increase production. D. rise, and existing firms will decrease production. E. remain constant, and existing firms will increase production.

Jun 02 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions