If companies earn economic profits in a perfectly competitive market, over the long run the supply curve
Question:
If companies earn economic profits in a perfectly competitive market, over the long run the supply curve will most likely:
A. shift to the left.
B. shift to the right.
C. remain unchanged.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Economics For Investment Decision Makers
ISBN: 9781118111963
1st Edition
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
Question Posted: