Explain how the short run and the long run supply curve of a firm is derived under perfect competition. - Sarthaks eConnect | Largest Online Education Community
![Perfect Competition part III Short Run & Long Run Supply Curves Chapter 14 completion. - ppt download Perfect Competition part III Short Run & Long Run Supply Curves Chapter 14 completion. - ppt download](https://images.slideplayer.com/25/8138874/slides/slide_3.jpg)
Perfect Competition part III Short Run & Long Run Supply Curves Chapter 14 completion. - ppt download
![The long-run industry supply curve will: a. be less elastic than the short run industry supply curve. b. be more elastic than the short-run industry supply curve. c. always be horizontal. d. The long-run industry supply curve will: a. be less elastic than the short run industry supply curve. b. be more elastic than the short-run industry supply curve. c. always be horizontal. d.](https://homework.study.com/cimages/multimages/16/capture154217254747856648.jpg)