In the Long Run, Existing Firms Exit a Perfectly Competitive

question 53

Multiple Choice

In the long run, existing firms exit a perfectly competitive market

• A) if they make a positive economic profit.
• B) only if they incur an economic loss.
• C) if normal profits are greater than zero.
• D) if they either make a normal profit or incur an economic loss.
• E) only if economic profits are zero.

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