In the Theory of Perfect Competition, the Assumption of Easy

Multiple Choice

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies

A) positive economic profits in the long run.
B) losses in the long-run equilibrium.
C) zero economic profits in the long run.
D) zero economic profits in both the short run and the long run.
E) positive economic profits in both the short run and the long run.