4310EconomicsMedium
If all firms in a market have identical cost structures and if inputs used in the production of the good in that market are readily available, then the long-run market supply curve for that good should be?
Aupward sloping
Bperfectly elastic
Cdownward sloping
Dperfectly inelastic
Correct answer
B. perfectly elastic
Explanation
The correct answer is perfectly elastic.