In the Long Run,a Perfectly Competitive Firm Makes

question 106

Multiple Choice

In the long run,a perfectly competitive firm makes

• A) a positive economic profit.
• B) zero economic profit.
• C) negative economic profit, that is, an economic loss.
• D) zero accounting profit.
• E) either a positive economic profit or a normal profit.

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Definitions:

Introductory Approach

The initial method or strategy used to engage a potential client or customer, introducing the offerings of a business.

Winter Makeup

Winter makeup refers to cosmetic products and styles specifically suited or designed for colder weather conditions, often focusing on moisturization and bold colors.

Customer Benefit Approach

A sales strategy focusing on communicating the advantages and positive outcomes that a customer will gain from a product or service.

Referral

The act of recommending a product, service, or company to someone else, often based on personal experience.