Multiple Choice
In the long-run, if firms in a perfectly competitive market are incurring persistent economic losses, some firms will
A) exit and the price will fall.
B) exit and the price will rise.
C) enter and the price might either rise or fall.
D) exit and the price might either rise or fall.
Correct Answer:
Verified
Correct Answer:
Verified
Q326: Perfect competition exists in a market if<br>A)
Q327: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q328: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q329: Which of the following is NOT a
Q330: In the long run, perfectly competitive firms
Q332: In the short run, a perfectly competitive
Q333: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q334: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table above
Q335: What is a perfectly competitive firm's short-run
Q336: If firms in a competitive market are