Find the new market supply by the short-run supply curves for all the firms in the market. (Please use one word for the blank)

profit creates an incentive for other perfectly competitive firms to enter the market. (Use one word for the blank.)

we distinguish between the long-run aggregate supply curve and the short-run aggregate supply curve. in the long run

Choose the relevant time period If firms can neither enter nor leave an industry. Short run Intermediate run Long run Immediate run

In simple terms, the behavior of the Sri Lankan railway market in the short run and long run

In an imperfectly competitive industry, the competing firms’ demand curves are independent.Question 41Select one:TrueFalse