For a perfectly competitive industry, a decline in technology will cause
A) a movement up the short-run industry supply curve.
B) a movement down the short-run industry supply curve.
C) the industry short-run supply curve to shift to the right.
D) the industry short-run supply curve to shift to the left.
Correct Answer:
Verified
Q318: Assume a perfectly competitive industry is in
Q319: Economies of scale are also referred to
Q320: Industries in which firms _ are likely
Q321: The following is the set of conditions
Q322: Sources of external economies of scale include
A)
Q324: In the long run firms will _
Q325: An industry is in _ if firms
Q326: Related to the Economics in Practice on
Q327: In long-run equilibrium for a perfectly competitive
Q328: In efficient markets, investment capital flows toward
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents