Why Is a Long-Run Supply Curve Flatter Than a Short-Run

question 201

Multiple Choice

Why is a long-run supply curve flatter than a short-run supply curve

• A)Firms can enter and exit a market more easily in the long run than in the short run.
• B)Long-run supply curves are sometimes downward sloping.
• C)Competitive firms have more control over demand in the long run.
• D)Firms in a competitive market face economies of scales in the long run.

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