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.

View Complete Question

Related Questions in Microeconomics

Q : Profit maximizing strategy Prohibition

Prohibition Corporation would exactly break-even on its St. Valentine’s Day software when, in place of correctly identifying its profit maximizing strategy, this: (1) operated at point i, charging just $20 per copy and producing

Q : Present value of future payments When

When interest rates rise, in that case the present value of future payments will: (w) fall. (x) rise. (y) remain the same. (z) depend onto the transactions demand for money. How can I solve my Economics

Q : Demand Curve when price is cut I have a

I have a problem in economics on Demand Curve when price is cut. Please help me in the following question. When the price of Snapple is cut, then: (1) The lower quantity of Snapple is demanded. (2) A bigger quantity of Snapple is demanded. (3) Demand for the Snapple r

Q : Rolls of Intermediaries Upon the

Upon the average, all intermediaries do NOT: (w) decrease the opportunity costs of goods to consumers. (x) raise the incomes of producers. (y) reduce transaction costs. (z) increase the cost of living. Hey friends

Q : Capital or current account Is import of

Is import of machinery recorded in capital or current account? Answer: It is recorded in current account since it deals as the purchase of goods.

Q : Why economic problems occur Why

Why economic problems occur? Answer: This is due to unlimited or infinite wants and inadequate resources.

Q : Monopolistic competition and oligopoly

One of my friends can't succeed to get the solution of this question. Give me solution of this question. Under what circumstances can monopolistic competition and oligopoly describe stable prices?

Q : Craft Unions problems I have a problem

I have a problem in economics on Craft Unions problems. Please help me in the given question. The craft unions arrange all the workers: (i) In a given industry or firm, despite of skill or craft. (ii) In a specified craft, even when they work for dist

Q : Business Principal-Agent Problems Can

Can someone please help me in finding out the accurate answer from the following question. The business vice president employs company money to furnish an excessively plush office. This is an illustration of: (1) Corporate surplus in America. (2) The principal-agent p

Q : Determine elasticity of demand for

Moving beside the demand curve by Q=0, P4 to Q4, P=0, then elasticity of demand for Pixie’s cheesy fried grits as: (w) doesn't change. (x) falls, then rises. (y) rises, then falls. (z) falls.

Discover Q & A

Leading Solution Library

Avail More Than 1453881 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1953521
Asked

3,689

Active Tutors

1453881

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment