If an input necessary for production is in limited supply so that an expansion of the industry raises costs for all existing firms in the market, then the long-run market supply curve for a good could be ?

Related Mcqs:

If the long-run market supply curve for a good is perfectly elastic, an increase in the demand for that good will, in the long run, cause ?

A. an increase in the number of firms in the market but no increase in the price of the good B. an increase the price of the good and an increase in the number of firms in the market C. an increase the price of the good but no increase in the number of firms … If the long-run market supply curve for a good is perfectly elastic, an increase in the demand for that good will, in the long...

In monopolistic competition ?

A. Firms face a perfectly elastic demand curve B. All products are homogeneous C. Firms make normal profits in the long run D. There are barriers to entry to prevent entry...

A competitive firm demand curve is ?

A. Horizontal B. vertical C. downward sloping D. elastic...

A competitive firm produces a level of output at which ?

A. Price is greater than marginal cost B. price equals marginal cost C. price is less than marginal cost D. None of the above...

In monopolistic competition ?

A. There are few sellers B. There are few buyers C. There is one seller D. There are many sellers...