Which statement is true?
A) In the short run and the long run the perfect competitor will break-even.
B) In the short run and the long run the perfect competitor will make a profit.
C) In the short run the perfect competitor may make a profit or take a loss.
D) In the long run the perfect competitor will make a profit,but in the short run she will break-even.
Correct Answer:
Verified
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A)Price is calculated by
A)perfectly elastic.
B)relatively
