In 2019, pastured eggs sold for more than twice the price of cage-free eggs and almost 5 times the price of conventional eggs, making pastured eggs more profitable than the other eggs. Over time, the perfectly competitive egg market will approach a long-run equilibrium in which producing pastured eggs
A) remains more profitable than producing the other eggs.
B) is no more profitable than producing the other eggs.
C) will result in zero accounting profit.
D) will no longer be desirable by any egg farmers.
Correct Answer:
Verified
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