The number of firms in a perfectly competitive market:
A) is fixed in the short run.
B) varies in the long run.
C) varies in the short run.
D) is the same at all possible long-run equilibria.
Correct Answer:
Verified
Q79: As long as market price remains above
Q80: In the short run,when a firm stops
Q84: Given the exit rule,where does a firm's
Q85: If firms are producing at a profit-maximizing
Q86: When the market price has fallen below
Q87: The market supply in a perfectly competitive
Q88: The key difference between supply in the
Q99: In the short run,the relevant costs for
Q106: We assume that in the long run
Q112: In the long run, firms will enter
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