Suppose that a competitive firm long-run supply curve is given by the expression QF= -500 + 10P. Does this mean that the firm will supply -500 units of output at a zero price? If so, what does output of -500 units mean?© BrainMass Inc. brainmass.com October 9, 2019, 7:03 pm ad1c9bdddf
An output of -500 menas that 500 units will be taken away from the market. ...
A long-run supply curve is briefly discussed.