True/False
If in the long run a firm makes zero economic profit, it should exit the industry.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q242: A perfectly competitive apple farm produces 1,000
Q243: A perfectly competitive firm's short-run supply curve
Q244: When a perfectly competitive firm finds that
Q245: In the long run, the entry of
Q246: Figure 12-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 12-7
Q248: In analyzing the decision to shut down
Q249: In a graph with output on the
Q250: Figure 12-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 12-5
Q251: Figure 12-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 12-8
Q252: The delivery of first-class mail by the