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nguyenduong67 nguyenduong67
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6 years ago
Which of the following is true for a perfectly competitive market in long-run equilibrium?
A) There is no incentive for existing firms to leave the market.
B) There is no incentive for new firms to enter the market.
C) Each firm in the market earns zero economic profit.
D) All of the above are correct.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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6 years ago
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