As new firms enter an increasing-cost industry,

chomtong

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7 years ago

As new firms enter an increasing-cost industry,

As new firms enter an increasing-cost industry,
A) the position of the LRAC curve doesnʹt change, but firms move down their LRAC curve.
B) the LRAC curve shifts down.
C) the LRAC curve shifts up.
D) the position of the LRAC curve doesnʹt change, but firms move up their LRAC curve.

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chomtong Author

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7 years ago

Smart ... Thanks!

kiara23247843

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Yesterday

You make an excellent tutor!

jamiebonf99

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Thanks

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