Figure 12-1 -If Figure 12-1 Indicated the Short-Run and Long-Run Supply Curves

question 191

Multiple Choice

Figure 12-1

-If Figure 12-1 indicated the short-run and long-run supply curves for a resource, which of the following would probably be the long-run supply curve of the resource?

• A)Q₂
• B)Q₃
• C)Sb
• D)Sa

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Definitions:

Revenue

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Profitable Approach

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