Which of the following is not a condition of long-run competitive equilibrium?
A) There is no incentive for firms to enter the industry.
B) There is an incentive for firms to exit the industry.
C) There is an incentive for firms to produce more or less output.
D) There is an incentive for firms to change plant size.
Correct Answer:
Verified
Q142: Which of the following statements is false?
A)If
Q153: In long-run competitive equilibrium P = SRATC,
Q154: Equilibrium price is $19 in a perfectly
Q155: In long-run competitive equilibrium, firms
A)earn positive economic
Q156: Equilibrium price is $25 in a perfectly
Q159: Equilibrium price is $22 in a perfectly
Q160: There are 200 firms in a perfectly
Q161: A perfectly competitive market is initially in
Q163: Exhibit 22-10 Q173: A perfectly competitive market is initially in
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