Which statement is true?
A) The perfect competitor generally makes a profit in the long run.
B) There are many firms in a perfectly competitive industry.
C) A perfect competitor will sell below market price to get a larger market share.
D) A perfect competitor never makes a profit.
Correct Answer:
Verified
Q147: When a firm is maximizing profits it
Q148: If perfect competitors are making profits
A)new firms
Q149: Q150: Q151: In the long run under perfect competition Q153: Which statement is true? Q154: If a business is losing money in Q155: For a perfectly competitive firm Q156: Which of the following is NOT a Q157: 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
A)most
A)The firm is making
A)marginal revenue will
