In a perfectly competitive market in the long run, can you say anything definite about the elasticity

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In a perfectly competitive market in the long run, can you say anything definite about the elasticity of the market supply curve? Can you say anything definite about the elasticity of the market demand curve? Briefly explain.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Aug 23, 2019 11:37 AM

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In a perfectly competitive market in the long run, can you say anything definite about the elasticity

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The supply curve is perfectly elastic while the ...View the full answer

Economics

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