The indifference principle states that
A) If an asset is mobile,then in the long run,it will be indifferent about where it is used
B) In the long run,a mobile asset will make the same profit,no matter where it goes
C) If an asset is mobile,then in the long run,it would stay with the first user
D) Only A&B
Correct Answer:
Verified
Q23: In the long run,in a competitive industry
A)economic
Q24: In a competitive industry,the competitive firm's profits
Q25: In a competitive industry
A)firms sell more if
Q26: Competitive firms can earn positive profits in
Q27: Two cities face identical prices for their
Q29: Two cities face identical prices for their
Q30: The main reason(s)monopolies can earn positive profits
Q31: Two cities A&B are deciding upon joint
Q32: In a competitive industry
A)firms have no cost
Q33: A sudden increase in the market demand
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