Ask a Question
  
  
  
Top Posters
Since Sunday
18
18
17
17
16
16
16
15
15
14
14
14
New Topic  
wrote...
Posts: 59
2 weeks ago
If a perfectly competitive firm has economic profits greater than zero, then we know that

• the firm's industry is not in long-run equilibrium.

• the firm's industry is in long-run equilibrium.

• the firm will reduce output.

• the firm is producing at the bottom of the average total cost curve.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
Read 4 times
1 Reply
Replies
Answer verified by a subject expert
wrote...
Posts: 51
2 weeks ago
Sign in or Sign up in seconds to unlock everything.
the firm's industry is not in long-run equilibrium.
1
Related Topics
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  93 People Browsing
 123 Signed Up Today
Related Images
 591
 63
 76
Your Opinion
Who's your favorite biologist?
Votes: 30