In the Long-Run Equilibrium in Perfect Competition

question 19

Multiple Choice

In the long-run equilibrium in perfect competition,

• A) producer surplus is positive.
• B) producer surplus is negative.
• C) producer surplus is greater than consumer surplus.
• D) producer surplus is less than consumer surplus.

---

Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and everyday life.

Environmental Racism

The practice of disproportionately exposing communities of color and low-income populations to environmental hazards and pollutants.

Canada

A country located in the northern part of North America, characterized by its vast landscapes, multicultural population, and bilingual official languages (English and French).

Solve

To find a solution or explanation for a problem or question.