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Home Q & A Board Other Fields Homework Help Business Economics
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tuggy tuggy
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6 years ago
In a perfectly competitive market, if market price is higher than the average total cost of production, ________.
A) firms will incur losses in the long run
B) firms will make profits in the long run
C) new firms will enter the industry
D) firms will exit the industry
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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6 years ago
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tuggy Author
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#2
6 years ago
Thanks for answering correctly
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