All of the Following Are True of a Perfectly Competitive

question 138

Multiple Choice

All of the following are true of a perfectly competitive firm in long-run equilibrium except one.Which is the exception?

• A)Its economic profit will be zero.
• B)Its accounting profit may be positive.
• C)It will be minimizing average total cost.
• D)It will be charging a price equal to marginal cost.
• E)Marginal cost is minimized.

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