Multiple Choice
An industry is in ________ if firms have no incentive to enter or exit in the ________ run.
A) disequilibrium; short
B) disequilibrium; long
C) equilibrium; short
D) equilibrium; long
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q199: In efficient markets, _ flows toward _
Q200: A firm suffering economic losses decides whether
Q201: A perfectly competitive firm, Paula's Pineapple Farm,
Q202: Refer to Scenario 9.10 below to answer
Q203: A profit-maximizing strategy becomes a loss minimization
Q205: A delivery company lowers its automobile insurance
Q206: A firm suffers losses if<br>A) price exceeds
Q207: For a perfectly competitive industry, a decline
Q208: Refer to the information provided in Figure
Q209: The Speedy Typesetting Company, a perfectly competitive