To Say That a Perfectly Competitive Market Is in Short-Run

question 174

Multiple Choice

To say that a perfectly competitive market is in short-run equilibrium is to say that

• A)at least one firm is earning an economic profit
• B)at least one firm is earning a normal profit
• C)no consumer wishes to buy any more or any fewer units at the market price
• D)each firm is earning an economic profit
• E)every consumer is purchasing a positive amount of output

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