-The perfect competitor shown in the graph is in the
A) short run making a profit.
B) short run taking a loss.
C) long run making a profit.
D) long run taking a loss.
E) long run breaking even.
Correct Answer:
Verified
Q83: Exit from a competitive industry will occur
Q84: Q85: Q86: Under perfect competition,price = MC = ATC Q87: Which of the following is an example Q89: The perfect competitor produces at peak efficiency Q90: Accounting profits can never be _ economic Q91: A return above implicit and explicit costs Q92: Economic profit Q93: Under perfect competition in the short run
A)never equals accounting profit.
B)equals accounting profit
A)most
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