A market with constant costs is in long-run equilibrium when it experiences a permanent increase in demand.
In the short run,firms in the market ________.In the long run,some firms ________ the market.
A) make zero economic profit;exit
B) make an economic profit;enter
C) incur an economic loss;exit
D) make zero economic profit;enter
E) none of the above
Correct Answer:
Verified
Q106: In a competitive market,the market demand curve
Q108: Initially,a perfectly competitive market that has 1,000
Q108: A perfectly competitive market,with no external economies
Q109: A market with constant costs is in
Q110: A market with constant costs is in
Q111: Resources are used efficiently when
A)consumers are on
Q113: Consumers choose _.
Consumers are efficient on the
Q115: The long-run market supply curve is negatively
Q116: Producers choose _.
Producers are efficient on the
Q118: A perfectly competitive market,with no external economies
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents