Which of the Following Is False of Perfectly Competitive Firms

question 72

Multiple Choice

Which of the following is false of perfectly competitive firms?

• A)Because the short run is too brief for new firms to enter the market, the market supply curve is the horizontal summation of the supply curves of existing firms.
• B)As new firms enter an industry where sellers are earning economic profits, the result will include a reduction in the equilibrium price.
• C)In a constant-cost industry, the industry does not use inputs in sufficient quantities to affect input prices.
• D)In a constant-cost competitive industry, the long-run effect of an increase in demand is an increase in industry output but no change in the industry price.
• E)None of the above are false; all are true.

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A network security system that monitors and controls incoming and outgoing network traffic based on predetermined security rules.

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The act of inaccurately recording information or failing to record information, which can impact various professional and academic fields.