Top Posters
Since Sunday
g
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
s
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
spruckj spruckj
wrote...
Go to Answer
Posts: 435
Rep: 12 0
5 years 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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 41 times
1 Reply
Replies
Answer verified by a subject expert
mcwieckmcwieck
wrote...
#1
Posts: 388
Rep: 52 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

spruckj Author
wrote...

5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Marctheshark
wrote...

Yesterday
Smart ... Thanks!
sleinhi
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  751 People Browsing
 130 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 299
  
 275
  
 766