If Firms in a Competitive Market Are Identical,the Long-Run Market

question 28

True/False

If firms in a competitive market are identical,the long-run market supply curve is horizontal.

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Definitions:

Vertigo

A sensation of spinning or having one's surroundings spin, often caused by inner ear problems.

Sound Waves

Vibrations that travel through a medium (such as air, water, or solids) and can be detected as sound by the human ear.

Amplitude

The height or strength of a wave or signal, indicating the intensity or maximum extent of a vibration or oscillation.

Loudness

The perception of the intensity or amplitude of sound, often measured in decibels.