Solved

In a Perfectly Competitive Market,transient Economic Profit Can Be Earned

Question 220

Multiple Choice

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:

verifed

Verified

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

Related Questions

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