In the Long Run,a Perfectly Competitive Firm Makes

question 106

Multiple Choice

In the long run,a perfectly competitive firm makes

• A) a positive economic profit.
• B) zero economic profit.
• C) negative economic profit, that is, an economic loss.
• D) zero accounting profit.
• E) either a positive economic profit or a normal profit.

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Definitions:

Retired College Professor

A former academic faculty member who has ceased full-time teaching activities, often after a long career in higher education.

Susceptible

Likely to be influenced or harmed by a particular thing or condition.

Parental Influences

The role and impact that parents have on the development of their children, including their behaviors, beliefs, and emotional well-being.

Similar Personalities

The degree to which individuals share the same traits, characteristics, and modes of behavior.