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Which of the following statements about a perfectly competitive firm in long-run equilibrium is correct?

tmason

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Which of the following statements about a perfectly competitive firm in long-run equilibrium is correct?

Which of the following statements about a perfectly competitive firm in long-run equilibrium is correct?

▸ The firm is earning positive economic profits.

▸ The firm has successfully differentiated its product.

▸ The firm has no ability to affect its product's price.

▸ The firm has a strong profit incentive to expand capacity.

▸ The firm has successfully established barriers to entry.

Textbook

Microeconomics

Microeconomics

Edition: 17^th

Author: Ragan

Read 40 times

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taylor.eihausen

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