Regardless of the Cost Structure of Firms in a Competitive

question 33

Multiple Choice

Regardless of the cost structure of firms in a competitive market,what can we expect to happen in the long run

• A)Firms will experience rising demand for their products.
• B)The marginal firm will earn zero economic profit.
• C)Firms will experience a less competitive market environment.
• D)Exit and entry is likely to lead to a horizontal long-run supply curve.