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Title: If perfectly competitive firms are making an economic profit, then Post by: Loraine on Jun 21, 2015 If perfectly competitive firms are making an economic profit, then
A) the market must be in long-run equilibrium but cannot be in a short-run equilibrium. B) some firms will exit the market. C) new firms will enter the market. D) the market might be in a long-run equilibrium but not a short-run equilibrium. E) the market cannot be in either a short-run or a long-run equilibrium. Title: Re: If perfectly competitive firms are making an economic profit, then Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: If perfectly competitive firms are making an economic profit, then Post by: Smoooth on Aug 31, 2015 My pleasure :-]
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