In a Perfectly Competitive Market Where Firms Are Currently Experiencing

question 29

Multiple Choice

In a perfectly competitive market where firms are currently experiencing economic profits in the short-run,which of the following is least likely to occur during the long-run?

• A)A rightward shift in the market supply curve.
• B)An increase in the market quantity demanded.
• C)An increase in marginal revenue.
• D)A decline in the ATC and MC curves.

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