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  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 9: Long-Run Costs and Output Decisions
  5. Question
    Industries in Which Firms ________ Are Likely to Contract in the Long-Run
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Industries in Which Firms ________ Are Likely to Contract in the Long-Run

Question 1

Question 1

Multiple Choice

Industries in which firms ________ are likely to contract in the long-run.


A) have positive profits
B) suffer losses
C) break even
D) have no competition

Correct Answer:

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