menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 3
  4. Exam
    Exam 9: Applying the Competitive Model
  5. Question
    Even If Two Competitive Firms in the Same Market Have
Solved

Even If Two Competitive Firms in the Same Market Have

Question 107

Question 107

Essay

Even if two competitive firms in the same market have different production technologies,they will each earn long-run zero profits.Why?

Correct Answer:

verifed

Verified

The firm that has more productive resour...

View Answer

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

Related Questions

Q102: The welfare loss of a tariff equals

Q103: A competitive market maximizes social welfare because

Q104: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q105: In a competitive market,the demand and supply

Q106: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q108: If lower-income households spend a greater share

Q109: Producer surplus is the sum of the

Q110: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q111: If a market produces a level of

Q112: If a city decides to lift restrictions

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