Which of the Following Is a Condition of Long-Run Competitive

question 101

Multiple Choice

Which of the following is a condition of long-run competitive equilibrium?

• A)There are incentives for firms to enter the industry.
• B)There are incentives for firms to exit the industry.
• C)There is no incentive for firms to enter or exit the industry.
• D)There are incentives for firms to produce more output.
• E)There are incentives for firms to change plant size.

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