In the Short Run,a Perfectly Competitive Firm ________ Make an Economic

question 182

Multiple Choice

In the short run,a perfectly competitive firm ________ make an economic profit and ________ incur an economic loss.

• A) might; will never
• B) will never; might
• C) might; might
• D) will never; will never
• E) will definitely; will never

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Definitions:

Congress

The legislative branch of the United States government, divided into the Senate and the House of Representatives.

Federal Troops

Military forces operated and maintained by the federal government of a country.

Constitutional

Relating to the governing laws and principles that define the structure, roles, and powers of a government, typically outlined in a written constitution.

State Government

The governing authority of a state within a country, responsible for implementing local laws, policies, and managing public services and resources.