Business, 05.05.2020 09:35 imthebestatcod

Many small boats are made of fiberglass and a resin derived from crude oil. Assuming a perfectly competitive market, if the price of oil falls, then a. Supply curve shifts downward causing a decrease in boat makers profit in short-run and long-run b. the typical firm's cost curves shift downward causing an increase in boat makers profit in short-run and an increase in number of boat makers in the long run c. the typical firm's cost curves shift downward causing a decrease in boat makers profit in short-run and a decrease in number of boat makers in the long run d. Supply curve shifts downward causing a decrease in boat makers profit in short-run and a decrease in the number of boats makers in the short run

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Many small boats are made of fiberglass and a resin derived from crude oil. Assuming a perfectly com...