When a Perfectly Competitive Market Is in Long-Run Equilibrium

question 105

Multiple Choice

When a perfectly competitive market is in long-run equilibrium

• A)at least one firm makes an economic profit.
• B)all firms make zero economic profit.
• C)firms enter the market if other firms are making an economic profit.
• D)firms exit the market if other firms are incurring an economic loss.
• E)all of the above.

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