Why Must Profits Be Zero in Long-Run Competitive Equilibrium

question 154

Multiple Choice

Why must profits be zero in long-run competitive equilibrium?

• A)If profits are not zero, firms will enter or exit the industry.
• B)If profits are not zero, firms will produce higher-quality goods.
• C)If profits are not zero, marginal revenue will rise.
• D)If profits are not zero, marginal cost will rise.

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Interactions between two individuals, emphasizing the reciprocal and dynamic nature of their connection.

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The self defined in terms of unique personal attributes or unique interpersonal relationships.

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