Which of the Following Is Not a Condition of Long-Run

question 130

Multiple Choice

Which of the following is not a condition of long-run competitive equilibrium?

• A)There is no incentive for firms to enter the industry.
• B)There is no incentive for firms to exit the industry.
• C)There is no incentive for firms to produce more or less output.
• D)There is no incentive for firms to change plant size.
• E)None of the above; that is, all are conditions of long-run competitive equilibrium.

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