The long-run supply curve of a competitive industry may be upward sloping, downward sloping or a…


The long-run contribute flexion of a competitive activity may be upward sloping, downward sloping or a insipid continuity. Explain the conditions beneath which the long-run contribute can catch these forms. If all the firms in a exactly competitive activity own U-shaped require flexions, can then contribute flexion of the activity be downward sloping?