Use the Following to Answer Question

question 127

Multiple Choice

Use the following to answer question:
Figure: Comparing Long-Run Equilibriums
-(Figure: Comparing Long-Run Equilibriums) Use Figure: Comparing Long-Run Equilibriums.Which statement is TRUE?

• A)Firms in the market structure shown in panel (a)cannot have profits in the long run,but those in panel (b)can.
• B)Both panels show markets that have few interdependent firms.
• C)Both panels show markets that produce identical products.
• D)Both panels show markets that have many firms.

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