Solved

Which of the Following Is Inconsistent with Long-Run Industry Equilibrium

Question 134

Multiple Choice

Which of the following is inconsistent with long-run industry equilibrium?


A) upward-sloping marginal cost curves for all of the firms in the industry
B) zero economic profits
C) P = minimum ATC
D) SRATC = LRATC
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q129: Exhibit 22-8
​
Exhibit 22-8 ​</p></div><svg width=

Q130: Exhibit 22-8
​
Exhibit 22-8 ​</p></div><svg width=

Q131: Exhibit 22-8
​
Exhibit 22-8 ​</p></div><svg width=

Q132: Exhibit 22-9
​
Exhibit 22-9 ​</p></div><svg width=

Q133: Which of the following statements is false?
A)The

Q135: Exhibit 22-9
​
Exhibit 22-9 ​</p></div><svg width=

Q136: The profit-maximization rule is as follows:
A)Produce the

Q137: A perfectly-competitive firm produces 2,000 units of

Q138: Exhibit 22-8
​
Exhibit 22-8 ​</p></div><svg width=

Q139: A firm that is a price taker

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents