5. The horizontal summation of the LMC(y) curves of individual firms is not the long run supply curve for the industry. Answers: 1.F 2.F 3.T 4.F 5.T. 3. Short Questions 1. An industry has 50 identical ...

And so, the supply curve does not change ... And even if so, in the long run, the block time will converge to 10 minutes and the issuance schedule will resume as before.