Long-run supply curve is flatter than short-run supply curve

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Reference no: EM13200757

A long-run supply curve is flatter than a short-run supply curve because

A. firms can enter and exit a market more easily in the long run than in the short run.

B. long-run supply curves are sometimes downward sloping.

C. competitive firms have more control over demand in the long run.

D. firms in a competitive market face identical cost structures.

Reference no: EM13200757

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