In the short run, there are 500 identical firms in a competitive market. The firms do not use any resources that are available in limited quantities, and each of them has the following cost structure: 
The long-run supply curve for this market is
Definitions:
5 C's of Credit
The five key elements a lender analyzes when determining a borrower's creditworthiness: character, capacity, capital, collateral, and conditions.
Capital
Financial assets or the financial value of assets, such as cash and goods, working to create wealth through investment or production.
Operating Cash Flows
Cash generated from a company's normal business operations, indicating its ability to generate revenue.
Total Opportunity Cost
The overall cost of choosing one option when the value of the best alternative option is considered.
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