Which Statement Is False

question 73

Multiple Choice

Which statement is false?

• A)The perfect competitor is a small firm producing an identical product.
• B)A perfectly competitive industry has great mobility of resources.
• C)There are many examples of perfectly competitive industries in the United States.
• D)The perfectly competitive firm makes zero economic profits in the long run.

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Definitions:

High School Graduation

The act of completing the required academic curriculum of high school, leading to the awarding of a diploma.

Food Processing

The transformation of agricultural products into food, or of one form of food into other forms.

Young Women

Female individuals in their late teens to early twenties, typically undergoing significant personal, educational, and social development.

Financial Independence

refers to the state of having sufficient personal wealth to live, without needing to work actively for basic necessities.