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Home Q & A Board Other Fields Homework Help Business Economics
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thanhha78 thanhha78
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6 years ago
A perfectly competitive industry is in long-run equilibrium. If demand for the product decreases, we can expect
A) firms to exit the market.
B) no change in the number of firms in the market.
C) firms to enter the market.
D) Not enough information to tell what will happen to the number of firms in the market.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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thanhha78 Author
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#2
6 years ago
can't thank you enough for this, appreciate it a lot
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