In the long run,which of the following is true?
A)Profit effects are equal to cost effects.
B)Profit effects are larger than cost effects.
C)Cost effects are larger than profit effects.
D)None of the choices are correct.

Question

Quizplus · Accepted Answer

In the long run, firms will enter or exit the market until economic profit is zero. This means that profit effects are equal to cost effects.

In the Long Run,which of the Following Is True