Solved

Assume That All Firms in a Particular Perfectly Competitive Industry

Question 56

Multiple Choice

Assume that all firms in a particular perfectly competitive industry are earning economic profits.This will cause firms to ______ the industry,which will continue until ______.


A) exit;economic losses occur
B) enter;economic profits are zero
C) enter;accounting profits are zero
D) exit;economic profits are zero
E) enter;economic profits are negative

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents