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The long-run industry supply curve will: a. be less elastic than the short run industry supply curve. b. be more elastic than the short-run industry supply curve. c. always be horizontal. d.
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Short-run and Long-run Supply Curves (Explained With Diagram)
![If a firm is earning short-run economic profits show in the above figure, in the long-run [{Blank}] a. firms exit the industry, the market supply curve shifts rightward, and the market price](https://homework.study.com/cimages/multimages/16/capture2311694001524117096.jpg "If a firm is earning short-run economic profits show in the above figure, in the long-run [{Blank}] a. firms exit the industry, the market supply curve shifts rightward, and the market price")
If a firm is earning short-run economic profits show in the above figure, in the long-run [{Blank}] a. firms exit the industry, the market supply curve shifts rightward, and the market price
Perfect Competition part III Short Run & Long Run Supply Curves Chapter 14 completion. - ppt download
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