19. Suppose the DVD player manufacturing industry is perfectly competitive. Under which of the following conditions will the DVD player industry have a downward sloping long run supply curve?
- As more DVD player firms enter the industry, firms which supply motors find that their per unit production costs rises as their output increases.
- As more DVD firms enter the industry, firms which supply motors find that their per unit production costs falls as their output increases.
- As more DVD firms enter the industry,
more firms enter the computer printer industry as well.
- As more DVD firms exit the industry, those
firms which supply motors find their per unit production costs falling.
- As more DVD firms enter the industry, firms which supply motors find their per unit production costs remain unchanged.
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