Which of the Following Statements Is Not Correct About Competitive

question 280

Multiple Choice

Which of the following statements is not correct about competitive firms?

• A)In a long-run equilibrium, firms must be operating at their efficient scale.
• B)In the short run, the number of firms in an industry may be fixed.
• C)In the long run, the number of firms can adjust to changing market conditions.
• D)In the short run, firms must be operating at a level of output where price equals average variable cost.

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Wireless Signal

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Items or parts made primarily of plastic, used in various products from electronics to automotive parts.

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