Which of the following is true for firms that produce in markets where there are no barriers to entry?
A) The firms will always make positive economic profits in the long run.
B) The firms will always make positive economic profits in the short run.
C) The firms will always make zero economic profits in the short run.
D) The firms will always make zero economic profits in the long run.
Correct Answer:
Verified
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Q205: Long-run equilibrium in a competitive price-searcher market
Q207: The fact that barriers to entry are
Q208: Which of the following is true of
Q209: If the firms in a competitive price-searcher
Q210: The free entry and exit of firms
Q211: If the firms in a competitive price-searcher
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