If the firms in a competitive price-searcher market are earning zero economic profit, this indicates that the
A) market is not in long-run equilibrium.
B) firms are earning the normal rate of return.
C) firms are performing worse than the firms in other markets.
D) firms are performing better than firms in other markets.
Correct Answer:
Verified
Q206: Which of the following is true for
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
Q212: If firms in a competitive price-searcher market
Q213: Suppose that competitive price-searcher firms are experiencing
Q214: If firms in a competitive price-searcher market
Q215: Assume a competitive price-searcher firm is earning
Q216: As new firms enter a competitive price-searcher
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