Multiple Choice
Free entry and exit means that in the long run, price will:
A) trend upward.
B) trend downward.
C) equal average cost.
D) allow all firms to earn economic profit.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q144: The table provides daily data on
Q145: _ exist(s) when the value of a
Q146: Suppose Naomi's yoga studio charges the market
Q147: Samuel's company is in the following
Q148: A government may want to create barriers
Q150: In the short run, a seller _,
Q151: (Figure: Demand and Average Cost Curves) Which
Q152: (Figure: Profit Margin 3) JoJo's company data
Q153: On a graph of a company's cost,
Q154: Janelle owns a small hotel in San