In the Long Run, a Competitive Price-Searcher Firm Will

question 24

Multiple Choice

In the long run, a competitive price-searcher firm will

• A) produce a greater variety of goods than do firms in other market structures
• B) produce a greater output level than would a perfectly competitive firm
• C) produce where price equals average total cost
• D) earn an economic profit
• E) suffer a loss because of its advertising budget