In the Short Run, We Assume That the Number of Firms

question 14

Multiple Choice

In the short run, we assume that the number of firms in a perfectly competitive market:

• A)varies if perfect information is present.
• B)varies more than the long run equilibrium.
• C)is fixed.
• D)is equal to the number of firms that will exist in the long run.

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A type of access modifier in Java where a member is accessible within its own package and is not available from outside the package if no specific access modifier is specified.

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A type of access control in Java where members of a class are accessible within the same package but not from outside.

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A class in object-oriented programming that inherits methods and properties from another class, known as the base or parent class.

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