Sandra and her husband want to purchase a new washer and dryer. they have limited knowledge of high-efficiency appliances, so they search the internet, talk to friends and family, and visit several stores so that they can make an informed decision. sandra and her husband are relying on

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.