Which of the Following Is NOT Correct Concerning Perfectly Competitive

question 87

Multiple Choice

Which of the following is NOT correct concerning perfectly competitive firms in the long run?

• A) Long-run economic profits are zero.
• B) Price equals minimum long-run average cost.
• C) Entrepreneurs earn the opportunity cost of their investment.
• D) The opportunity cost of capital is zero.

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Definitions:

Cocaine

A powerful stimulant drug derived from the coca plant, known for its addictive properties and high potential for abuse.

Heavy Drinking

The consumption of alcoholic beverages in large quantities over a short period of time, potentially leading to alcohol abuse or dependence.

Adverse Effect

An undesired, harmful effect resulting from a medication, treatment, or intervention.

Depressants

Drugs (such as alcohol, barbiturates, and opiates) that reduce neural activity and slow body functions.