In a Perfectly Competitive Market, the Process of Entry and Exit

question 192

Multiple Choice

In a perfectly competitive market, the process of entry and exit will end when firms face

• A)marginal revenue equal to long-run average total cost.
• B)total revenue equal to average total cost.
• C)average revenue greater than marginal cost.
• D)accounting profits equal to zero.

---

Definitions:

Resize Nonproportionally

Altering the size of an image or object without maintaining the original aspect ratio, which may distort the image.

Screenshot

An image captured of whatever is currently displayed on a computer screen or portion of the screen.

Edit The Object

The process of modifying the properties or content of a digital object such as images, files, or multimedia elements.

Group Command

A function typically found in software that allows a user to apply commands to multiple items at once.