In a perfectly competitive market,transient economic profit can be earned by
A) the firms that hire the most employees
B) the last firm to enter the market
C) those firms that supply low-income neighborhoods
D) the first firm to adopt a new technological advance
E) those firms that use the most capital-intensive methods of production
Correct Answer:
Verified
Q215: Under perfect competition,a rightward shift of the
Q216: Under perfect competition,a technological advance
A)shifts the market
Q217: Assume that one firm in a perfectly
Q218: Which of the following is true of
Q219: Which of the following is a barrier
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