Solved

In the Long Run,profits Will Equal Zero in a Competitive

Question 113

Multiple Choice

In the long run,profits will equal zero in a competitive market because of

A) constant returns to scale.
B) identical products being produced by all firms.
C) the availability of information.
D) free entry and exit.

Related Questions

Q108: Suppose TC = 10 + (0.1 ∗

Q109: If a firm traded on the New

Q110: A firm will shut down in the

Q111: If a firm goes out of business

Q112: Which of the following characteristics of a

Q114: Baseball teams shut down in the winter.This

Q115: Suppose that once a well is dug,water

Q116: Suppose the long-run supply curve for a

Q117: Suppose there are two perfectly competitive industries

Q118: If transaction costs are high,then it is