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Which of the Following Is Not True in a Long-Run

Question 52

Multiple Choice

Which of the following is not true in a long-run perfectly competitive equilibrium?

A) Which of the following is not true in a long-run perfectly competitive equilibrium? A) , where P is market price and MC is the marginal cost of a firm. B) , where P is market price and AC is the average cost of a firm. C) , where is the supply of an individual firm, is the number of firms in the industry, and Qd is the market demand for a product. D) Firms may earn negative profits. , where P is market price and MC is the marginal cost of a firm.
B) Which of the following is not true in a long-run perfectly competitive equilibrium? A) , where P is market price and MC is the marginal cost of a firm. B) , where P is market price and AC is the average cost of a firm. C) , where is the supply of an individual firm, is the number of firms in the industry, and Qd is the market demand for a product. D) Firms may earn negative profits. , where P is market price and AC is the average cost of a firm.
C) Which of the following is not true in a long-run perfectly competitive equilibrium? A) , where P is market price and MC is the marginal cost of a firm. B) , where P is market price and AC is the average cost of a firm. C) , where is the supply of an individual firm, is the number of firms in the industry, and Qd is the market demand for a product. D) Firms may earn negative profits. , where Which of the following is not true in a long-run perfectly competitive equilibrium? A) , where P is market price and MC is the marginal cost of a firm. B) , where P is market price and AC is the average cost of a firm. C) , where is the supply of an individual firm, is the number of firms in the industry, and Qd is the market demand for a product. D) Firms may earn negative profits. is the supply of an individual firm, Which of the following is not true in a long-run perfectly competitive equilibrium? A) , where P is market price and MC is the marginal cost of a firm. B) , where P is market price and AC is the average cost of a firm. C) , where is the supply of an individual firm, is the number of firms in the industry, and Qd is the market demand for a product. D) Firms may earn negative profits. is the number of firms in the industry, and Q^d is the market demand for a product.
D) Firms may earn negative profits.