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Title: A perfectly competitive firm in a constant-cost industry produces 1,000 units of a good at a total c Post by: Tidy on Jun 21, 2015 A perfectly competitive firm in a constant-cost industry produces 1,000 units of a good at a total cost of $50,000. The prevailing market price is $48. Assuming that this firm continues to produce in the long run, what happens to output level in the long run?
A) The firm's output falls. B) The firm's output increases. C) The firm produces the same output level. D) There is insufficient information to answer the question. Title: Re: A perfectly competitive firm in a constant-cost industry produces 1,000 units of a good at a tot Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: A perfectly competitive firm in a constant-cost industry produces 1,000 units of a good at a total c Post by: Smoooth on Aug 31, 2015 My pleasure :-]
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