Multiple Choice
In a perfectly competitive industry, which of the following is a market signal to resource owners?
A) economic profits
B) quality of goods
C) the level of exports in the country
D) the level of subsidies the industry receives
Correct Answer:

Verified
Correct Answer:
Verified
Q390: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q391: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q392: A situation in which the price charged
Q393: For a perfectly competitive firm<br>A) price is
Q394: All of the following are characteristics of
Q396: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q397: In a perfectly competitive market, which of
Q398: When should a firm shut down? When
Q399: Price equals the minimum of long-run average
Q400: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the