A crossword puzzle is looking for another word for "fair." Which of the following would not be a good choice? a. Common
b. Insufficient
c. Middling
d. Ordinary

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.