If a Firm Has a Downward-Sloping Long-Run Average Cost Curve

question 118

Multiple Choice

If a firm has a downward-sloping long-run average cost curve over the entire range of market demand,it is a _____firm in an oligopolistic market.

• A)firm in a monopolistic market.
• B)firm in a perfectly competitive market.
• C)firm in a monopsony market.
• D)firm in an oligopolistic market.
• E)natural monopoly.

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Nonprofit Sector

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