True/False
When resources are earning zero economic profits for a firm,the resources could earn more in their next best alternative use.
Correct Answer:

Verified
Correct Answer:
Verified
Q35: A perfectly competitive market results in efficiency
Q36: If the price of ricotta cheese,an ingredient
Q37: In long-run perfectly competitive equilibrium,marginal cost<br>A)Is greater
Q38: Explain how the market supply curve is
Q39: Investment decisions are made on the basis
Q41: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q42: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q43: When firms in a competitive market are
Q44: Other things being equal,as more firms enter
Q45: Perfectly competitive firms always earn economic profits