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Cronos Corporation of Kingston, Ontario produces keyboards for computers in a perfectly competitive increasing-cost industry, which is in long-run equilibrium. If n increase in demand
Cronos Corporation of Kingston, Ontario produces keyboards for computers in a perfectly competitive increasing-cost industry, which is in long-run equilibrium. If n increase in demand occurs for both the Cronos Corporation and all of the other companies in the sector, firms will Multiple Choice O enter the industry, price will rise, and quantity produced will rise. enter the industry and price and quantity will both fall enter the industry, price will fall, and quantity produced will rise will ask for government help. leave the industry and price and quantity will both rise
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