When a profit-maximizing firm in a competitive price-searcher market is in long-run equilibrium, price equals
A) marginal cost, and profits are positive.
B) average total cost, and profits are zero.
C) marginal cost, and profits are zero.
D) average total cost, and profits are positive.
Correct Answer:
Verified
Q219: If firms in a competitive price-searcher market
Q220: Tombstones are produced in a competitive price-searcher
Q221: Sellers in competitive price-searcher markets
A) face competition
Q222: The firms in a competitive price-searcher market
Q223: A market will tend to be more
Q225: Which of the following is a true
Q226: When entry barriers are low, firms in
Q227: When a competitive price-searcher market is in
Q228: A price searcher confronts a downward sloping
Q229: When a competitive price-searcher market is in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents