Regardless of the Cost Structure of Firms in a Competitive

question 440

Multiple Choice

Regardless of the cost structure of firms in a competitive market, in the long run

• A)firms will experience rising demand for their products.
• B)the marginal firm will earn zero economic profit.
• C)firms will experience a less competitive market environment.
• D)exit and entry is likely to lead to a horizontal long-run supply curve.

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Elements

Fundamental or essential components that make up a system, structure, or set.

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The favorable aspects or beneficial conditions that help to achieve success or a desired outcome.

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Groups of individuals working together towards a common goal, often characterized by collaborative effort and shared responsibilities.

Organization Succeed

The achievement of set goals and objectives, leading to the success and growth of an organization.