True/False
The long-run competitive equilibrium results in efficient allocation of capital.
Correct Answer:
Verified
Correct Answer:
Verified
Q116: Exhibit 9-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 9-1
Q117: When an industry is in decline,<br>A)it is
Q118: Suppose a dentist has total revenue of
Q119: In a competitive industry, firm demand is<br>A)downward-sloping.<br>B)vertical.<br>C)nonexistent.<br>D)horizontal.<br>E)unchanging.
Q120: Suppose a market equilibrium occurs at a
Q122: A technological breakthrough that reduces the cost
Q123: Suppose a competitive industry is in long-run
Q124: Exhibit 9-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 9-1
Q125: External diseconomies of scale occur when<br>A)industry expansion
Q126: In a long-run equilibrium, a firm produces