Assume the Short-Run Average Total Cost for a Perfectly Competitive

question 157

Multiple Choice

Assume the short-run average total cost for a perfectly competitive industry remains constant as the output of the industry expands. In the long run, the industry supply curve will:

• A) have a positive slope.
• B) have a negative slope.
• C) be perfectly horizontal.
• D) be perfectly vertical.

---

Definitions:

Office Button Menu

A feature in earlier versions of Microsoft Office that provided access to file management tasks, settings, and common features.

Bibliographic Source

A reference to the original source of information used in academic writing, including details like author name, title, publication date, and publisher.

Office Clipboard

A feature in Microsoft Office applications that provides a temporary storage area for up to 24 items copied or cut from documents, allowing for easy access and reuse.

Pasting

The action of inserting data from the clipboard into a new location within a document or file.