A perfectly competitive firm may earn economic profits in
A) only the short run.
B) only the long run.
C) the short run and the long run.
D) neither the short run nor the long run.
Correct Answer:
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Q237: Figure 9-19 Q238: Figure 9-18 Q239: Figure 9-21 Q240: The price at which a firm is Q241: After an increasing cost industry responds to Q243: In an increasing cost industry,the long-run supply Q244: In the long run,perfectly competitive firms earn Q245: In the long run in perfectly competitive Q246: In the long run in perfect competition,firms Q247: If an industry's long-run supply curve is 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
