Under What Condition Is the Long-Run Market Supply Curve for a Competitive

question 110

Essay

Under what condition is the long-run market supply curve for a competitive market perfectly elastic?

---

Definitions:

Ballottement

A medical test where a part of the body is bounced between two hands to detect fluid accumulation or joint integrity.

Patella

Also known as the kneecap, it is a small bone located in front of the knee joint, providing protection and leverage for leg muscles.

Fluid

Any substance that can flow and take the shape of the container that holds it, including liquids, gases, and plasmas.

Musculoskeletal Assessment

A comprehensive evaluation of the musculoskeletal system to identify injuries, diseases, or abnormalities affecting muscles, bones, and joints.