illustrate and explain using diagrams, the difference between long run supply in a constant cost individual firm and industry and an increasing cost firm and industry
1
Expert's answer
2017-04-03T11:35:07-0400
The long‐run market supply (LRMS) curve is found by examining the responsiveness of short‐run market supply to a change in market demand. In a constant-cost industry the LRMS curve is horizontal, but in an increasing-cost industry the LRMS curve is increasing.
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment