Multiple Choice
Which of the following is a condition of long-run competitive equilibrium?
A) There are incentives for firms to enter the industry.
B) There are incentives for firms to exit the industry.
C) There is no incentive for firms to enter or exit the industry.
D) There are incentives for firms to produce more output.
E) There are incentives for firms to change plant size.
Correct Answer:
Verified
Correct Answer:
Verified
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