In Long-Run Perfectly Competitive Equilibrium, Which of the Following Is

question 206

Multiple Choice

In long-run perfectly competitive equilibrium, which of the following is false?

• A)There is efficient, low-cost production at the minimum efficient scale.
• B)Economic surplus is maximised.
• C)Firms earn economic profit.
• D)Economies of scale are exhausted.

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Medium Positive Effect

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