--%>

Supply in short-run equilibrium

When a purely competitive industry is within short-run equilibrium, this: (w) should also be in long-run equilibrium. (x) won’t be in long-run equilibrium. (y) may or may not be within long-run equilibrium. (z) will experience market period disequilibrium.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Analysis deregulation caused the

    Choose the right answer of the following problem. "The government deregulated the electricity industry in California and a shortage of electricity occurred soon . It is clear that the deregulation caused the shortage." This statement requires careful analysis becau

  • Q : Maximizes profit at total economic of

    When the wholesale price P = $8 per bushel of peaches, it purely competitive peach orchard maximizes profit via producing ___ bushel of peaches at a total economic of profit or loss of $___. (i) zero; loss; -$4,000. (

  • Q : Collective Bargaining-Check off

    When a collective bargaining contract comprises a ‘check-off provision’ then: (1) Union workers can be fired if they don’t meet production quotas. (2) Firms collect the union dues by deducting them from pay-checks. (3) Workers are needed to do just t

  • Q : Government programs influencing

    Government programs assuring farmers minimum legal price floors which surpass equilibrium market prices will outcome: (1) Cheaper food for consumers. (2) Scarcities of food and the potential for famine. (3) Surplus demand in food markets. (4) Maximum equilibrium price

  • Q : Determine short-run supply of an

    The Christmas tree industry’s short-run supply is demonstrated as: (1) curve A. (2) curve B. (3) curve E. (4) curve F. (5) curve G.

    Q : Relevant demand of Kinked Demand by

    In this demonstrated figure kinked demand curve model, when a firm at point a raises or lowers its price and the rest of the firms in the industry do similar thing, in that case the relevant demand curve for the firm is: (w) demand curve D0

  • Q : Freedom to enter or leave the market in

    Purely competitive industries are not described by: (i) numerous potential buyers. (ii) product homogeneity. (iii) numerous potential sellers. (iv) freedom to enter or leave the market within the short run. (v) power to adjust quantities although no p

  • Q : Price ceilings and price floors Price

    Price ceilings and price floors: 1) cause surpluses and shortages respectively. 2) make the rationing function of free markets more efficient. 3) interfere with the rationing function of prices. 4) shift demand and supply curves and therefore have no effect on the rat

  • Q : Purely competitive seller in demand

    The demand curve facing a purely competitive seller is: (a) negatively sloped. (b) horizontal at the market price. (c) vertical at the market quantity. (d) the horizontal summation of all potential buyers’ individual demand curves. (e) market de

  • Q : Ex-ante investment Ex-ante investment :

    Ex-ante investment: This is planned or desired investment throughout a specific period.