× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
New Topic  
Mairoon Mairoon
wrote...
Posts: 850
Rep: 0 0
6 years ago
If firms in a competitive market are identical, the long-run market supply curve is horizontal.
True or False? Provide an explanation.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 75 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
False. The horizontal long-run supply curve also requires that factor prices do not increase with industry expansion and that the number of firms is not restricted.
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1277 People Browsing
Related Images
  
 172
  
 356
  
 875
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 292