In the long run, which of the following is present in a perfectly competitive market?
A) barriers to entry
B) many firms in the market
C) firms incurring an economic loss in the long run
D) firms making an economic profit in the long run
Correct Answer:
Verified
Q323: Q324: In the long run, fixed costs are Q325: Q326: In the long-run equilibrium in a perfectly Q327: For a perfectly competitive firm, in the Q329: As perfectly competitive firms leave a market Q330: In the long run, the firms in Q331: In the long run, a perfectly competitive Q332: In the long run, the economic profit Q333: In the long run, perfectly competitive firms
A)
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