Multiple Choice
A perfectly competitive firm in long run equilibrium will earn
A) zero economic profit.
B) a small positive economic profit.
C) a large positive economic profit.
D) zero accounting profit.
Correct Answer:

Verified
Correct Answer:
Verified
Q60: In a long-run perfectly competitive equilibrium,<br>A)marginal cost
Q61: Which of the following would prevent a
Q62: The model of perfect competition cannot be
Q63: Assume that a constant-cost,perfectly competitive market is
Q64: Assume that the producers of an input
Q66: If there is an increase in market
Q67: Firms are assumed to<br>A)maximize profit per unit
Q68: In a perfectly competitive market,firms will exit
Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -At which point
Q70: Flora's Flowers operates in a perfectly competitive