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Suppose that all car batteries are alike and that the car battery industry is perfectly competitve. More auto manufacturers are making battery powered cars. What
Suppose that all car batteries are alike and that the car battery industry is perfectly competitve. More auto manufacturers are making battery powered cars. What does this mean for the price of car batteries in the future? Select one: O A. Price will rise in the short run and stay at that higher level in the long run O B. Price will rise in the short run but return to its original level in the long run O C. Price will not change in either the short or long run O D. Price will fall in the short run and return to its original level in the long run
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