Which statement is true?
A) The firm is making a profit in the short run.
B) The firm is making a profit in the long run.
C) The firm is making a loss in the short run.
D) The firm is making a loss in the long run.
Correct Answer:
Verified
Q148: If perfect competitors are making profits
A)new firms
Q149: Q150: Q151: In the long run under perfect competition Q152: 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 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 perfect competitor generally
A)marginal revenue will
