Multiple Choice
The figure shows a representative firm in a price-taker market.Which of the following is true regarding the situation depicted in the figure?
A) This firm shown is earning zero economic profit.
B) The industry is in long-run equilibrium.
C) Firms will neither enter nor exit the market.
D) All of the above are true.
Correct Answer:
Verified
Related Questions
Q222: FYI Sanitation is currently eight months into
Q226: "I have been making furniture for 27
