When Firms in a Competitive Market Have Different Costs, It

question 63

Multiple Choice

When firms in a competitive market have different costs, it is likely that

• A)free entry and exit in the market will be violated.
• B)the market will no longer be considered competitive.
• C)long-run market supply will be downward sloping.
• D)some firms will earn positive economic profits in the long run.

---

Definitions:

Pronuclei

The haploid nuclei of the egg and sperm that come together but do not fuse immediately during the fertilization process.

Fusion

The process or result of joining two or more things together to form a single entity.

Zygote

The initial cell formed when a sperm cell fertilizes an egg cell, marking the beginning of a new organism.

Prenatal Period

The time frame in human development that occurs from conception until birth.