menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 10: The Firm and the Industry Under Perfect Competition
  5. Question
    In the Long Run, Any Firm May Enter or Leave
Solved

In the Long Run, Any Firm May Enter or Leave

Question 164

Question 164

True/False

In the long run, any firm may enter or leave a perfectly competitive market.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q159: The market for a perfectly competitive industry

Q160: Why doesn't a perfectly competitive firm charge

Q161: Figure 10-2<br>​ <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 10-2 ​

Q162: Regardless of quantity in long-run equilibrium, the

Q163: If a firm sells its output at

Q165: Figure 10-6<br>​ <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 10-6 ​

Q166: It is relatively easy for a firm

Q167: Perfect competition is an ideal market structure.

Q168: A perfectly competitive firm is a "price

Q169: Figure 10-4<br>​ <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 10-4 ​

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines