Which of the Following Is Inconsistent with Long-Run Industry Equilibrium

question 175

Multiple Choice

Which of the following is inconsistent with long-run industry equilibrium?

• A)upward-sloping marginal cost curves for all of the firms in the industry
• B)zero economic profits
• C)P = minimum ATC
• D)SRATC = LRATC
• E)SRATC > LRATC

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