Which Is the Most Accurate Statement

question 48

Multiple Choice

Which is the most accurate statement?

• A)In the long run the perfect competitor makes an economic profit.
• B)Most perfect competitors are large firms.
• C)In the long run the perfect competitor's price is equal to average total cost.
• D)The long and the short run for the perfect competitor are identical.

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Digest

A summary or compilation of information or legal decisions.

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Abbreviation for American Law Reports, a resource of legal articles on specific legal issues.

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A key provider of legal research and solutions including online research, law books, and software products, often utilized by legal professionals.

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Collections of judicial decisions from specific geographical areas, summarizing and indexing court rulings to aid research.