Which of the Following Is True for a Perfectly Competitive

question 94

Multiple Choice

Which of the following is true for a perfectly competitive agricultural market with economic profits?

• A)Firms will enter and existing firms will increase their production until economic profits are zero.
• B)The profits will last indefinitely since there are barriers to entry.
• C)Firms will exit until normal profits are zero.

---

Definitions:

Cable Medium

A physical transmission medium used for network communications, often consisting of coaxial or fiber-optic cables.

Twisted-pair

A type of cable where two conductors are intertwined to cancel out electromagnetic interference from external sources, used especially in telecommunications.

Cable Medium

A physical material used to transmit electronic signals from one place to another, including coaxial cables, fiber optics, and twisted pair cables.

Fiber-optic Cable

A technology that uses threads of glass or plastic to transmit data as pulses of light, offering high-speed data transmission with minimal loss.