In the long run in a perfectly competitive market,economic profit or loss is
A) the main determinant of total cost
B) the main driving force determining consumer preferences
C) the basis of all government policy
D) the main driving force behind economic change
E) expected to persist indefinitely
Correct Answer:
Verified
Q142: A perfectly competitive firm is operating where
Q143: Consider a perfectly competitive market in which
Q144: In perfect competition,as the long run approaches,economic
Q145: Consider a perfectly competitive firm whose minimum
Q146: In the long run,an entrepreneur who owns
Q148: In a perfectly competitive market,a given short-run
Q149: In the long run,perfectly competitive firms typically
Q150: In the long run,the entry of new
Q151: In perfect competition,as the long run approaches,economic
Q152: In the long run,the movement of firms
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