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    Economics-Microeconomics
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    Exam 12: Perfect Competition
  5. Question
    In the Long-Run Equilibrium in a Perfectly Competitive Market, the Economic
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In the Long-Run Equilibrium in a Perfectly Competitive Market, the Economic

Question 461

Question 461

Multiple Choice

In the long-run equilibrium in a perfectly competitive market, the economic profit of the firms is


A) positive.
B) negative.
C) zero.
D) increasing.

Correct Answer:

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