In short run equilibrium in a perfectly competitive industry whose firms are earning economic profits,a firm:
A) has no incentive to change its output.
B) has no incentive to change its plant size.
C) has no incentive to expand its factory.
D) has no incentive to leave the industry.
Correct Answer:
Verified
Q167: If a perfectly competitive industry is neither
Q168: As exit from a perfectly competitive industry
Q169: When economic profits are positive in a
Q170: Which of the following is true of
Q171: If perfectly competitive industry B is currently
Q173: When perfectly competitive firms in an industry
Q174: Say that Japanese firms commit to avoid
Q175: In a perfectly competitive market,in response to
Q176: In a perfectly competitive market,in response to
Q177: As a result of firms leaving an
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