The Figure Given Below Shows the Aggregate Demand and Supply

question 72

Multiple Choice

The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7

-When long-run average costs are declining for the entire range of demand, the firm is known as a(n) :

• A)local monopoly.
• B)regulated monopoly.
• C)monopolistically competitive firm.
• D)natural monopoly.
• E)oligopoly.

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