The perfect competitor can make a profit
A) only in the long run.
B) only in the short run.
C) in both the long run and the short run.
D) in neither the long run nor the short run.
Correct Answer:
Verified
Q157: Q158: If the market price is below the Q159: The perfect competitor's demand curve is Q160: Q161: If perfect competitors are losing money in Q163: When economists say that perfect competition has Q164: A firm's most efficient output is Q165: In the long run the perfect competitor's Q166: Which of the following is a characteristic Q167: Which is the most accurate statement?
A)perfectly elastic.
B)perfectly
A)always its
A)There are
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