Multiple Choice
An industry is in ________ if firms have an incentive to enter or exit in the ________ run.
A) disequilibrium; short
B) disequilibrium; long
C) equilibrium; short
D) equilibrium; long
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q222: Industries in which firms are enjoying positive
Q223: A firm's long-run average cost curve represents
Q224: A perfectly competitive firm is breaking even.
Q225: Over all levels of output, if a
Q226: Refer to Scenario 9.9 below to answer
Q228: Assume the tennis ball industry, a perfectly
Q229: In the short run average costs eventually
Q230: The long-run industry supply curve is made
Q231: For constant returns to scale, a(n) _
Q232: Diseconomies of scale cannot be due only