Firms may enter or exit a competitive industry
A)in the short run.
B)in the long run.
C)in either the short run or the long run.
D)only when they are no longer price-takers.
E)immediately after they begin operation.

Name: Firms may enter or exit a competitive industry A)in the short run. B)in the long run. C)in either the short run or the long run. D)only when they are no longer price-takers. E)immediately after they begin operation.
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Question

Quizplus · Accepted Answer

The Answer is B

Firms May Enter or Exit a Competitive Industry