Figure 10-13 -Refer to Figure 10-13.In the Long Run,we Would Expect the Run,we

question 93

Multiple Choice

Figure 10-13

-Refer to Figure 10-13.In the long run,we would expect the firm's

• A)ATC curve to fall as firms enter the industry,forcing the firm to increase its efficiency.
• B)demand curve to decrease as firms enter the industry due to the presence of positive economic profits.
• C)demand curve to increase as firms exit the industry due to the presence of economic losses.
• D)demand curve to shift such that marginal revenue and marginal cost intersect at quantity F--the point where average total cost is at a minimum.