The Market Structure Where a Seller Earns No Excess Profit

The market structure where a seller earns no excess profit in the long-run and operates at greater than minimum long-run average total cost is:

A) businesses depend on the government to ensure that there will be no illegal competitive practices.
B) sellers in pure competition depend on market supply and demand to determine the price they will receive.
C) rivals take each other's reactions into account when formulating their pricing and other competitive policies.
D) buyers in households depend on sellers for goods and services, and sellers depend on households for resources to