Below,the Graph on the Left Shows the Short-Run Cost Curves

question 9

Multiple Choice

Below,the graph on the left shows the short-run cost curves for a firm in a perfectly competitive market,and the graph on the right shows the current market conditions in this industry.What do you expect to happen in the long-run?

• A)Market supply will decrease.
• B)Market price will decrease.
• C)The firm's profit will decrease.
• D)both b and c
• E)all of the above

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Definitions:

Radio Buttons

GUI elements that allow users to select one option from a set, typically rendered as a small circle that can be filled or cleared to indicate selection.

Check Boxes

GUI components that allow the user to make a binary choice; typically used to select or deselect a single option.

Combo Box

A graphical user interface element that combines a drop-down box with a selection field, allowing users to select an option from a list or input a custom value.

Graphics Object

A graphical image or entity used in computer graphics programming, representing various visual elements such as shapes, lines, and colors.