Economics
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Boundless Economics
Competitive Markets
Long-Run Outcomes
Economics Textbooks Boundless Economics Competitive Markets Long-Run Outcomes
Economics Textbooks Boundless Economics Competitive Markets
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 7
Created by Boundless

Long Run Supply Decisions

Long-run Supply Curve

Long-run Supply Curve

As the chart demonstrates, a market's long-run supply curve is the sum of a series of short-run supply curves in a given market.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "HouSupply5."
    http://en.wikibooks.org/wiki/File:HouSupply5.png Wikibooks CC BY-SA 3.0.

Related Terms

  • constant returns to scale
  • decreasing returns to scale
  • increasing returns to scale
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