In the Short Run,we Assume That the Number of Firms

question 111

Multiple Choice

In the short run,we assume that the number of firms in a perfectly competitive market:

• A) varies if perfect information is present.
• B) varies more than the long-run equilibrium.
• C) is fixed.
• D) is equal to the number of firms in the long-run.

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A strategy used to change the direction of a behavior or conversation towards a more desirable outcome.

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An emotional state that varies in intensity from mild irritation to intense fury and rage, often triggered by perceived wrongs or frustrations.

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An object that reflects light in such a way that, for incident light in some range of wavelengths, it reflects an image of what is in front of it.

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A feeling characterized by sorrow, disappointment, or unhappiness.