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Title: Suppose a perfectly competitive market is in long-run equilibrium and then there is a permanent incr Post by: Loraine on Jun 21, 2015 Suppose a perfectly competitive market is in long-run equilibrium and then there is a permanent increase in the demand for that product. The new long-run equilibrium will have
A) fewer firms in the market. B) more firms in the market. C) the same number of firms in the market. D) probably a different number of firms, but it is not possible to determine if there will be more or fewer firms. E) a permanent decrease in supply. Title: Re: Suppose a perfectly competitive market is in long-run equilibrium and then there is a permanent Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: Suppose a perfectly competitive market is in long-run equilibrium and then there is a permanent incr Post by: Smoooth on Aug 31, 2015 No problemo :-]
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