The Entry and Exit of Firms Ensure That the ___________

question 103

Multiple Choice

The entry and exit of firms ensure that the ___________ in the long run than in the short run.

• A) market demand curve is much more elastic
• B) market demand curve is much more inelastic
• C) market supply curve is much closer to vertical
• D) market supply curve is much more inelastic
• E) market supply curve is much more elastic

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Definitions:

Predict

To make an informed guess about the future based on existing data, patterns, or trends.

Entire Text

The complete written content of a document or publication.

Preface

An introductory section of a book or document, usually outlining its purpose, scope, and acknowledgments.

Comprehension Skills

The ability to understand and interpret information or texts read.