Only answer if you are 100% sure 35. In the long run, neither competitiveprice t

Question

Only answer if you are 100% sure 35.   In the long run, neither competitiveprice takers nor competitive price searchers will be able to earneconomic profits because A.   entry barriers into these markets arehigh, raising the costs of each firm. B.   the government will dictate moderateprices for these firms. C.   competition will force prices down tothe level of per-unit production costs. D.   marginal revenue is always less thanmarginal cost when barriers to entry are low. Only answer if you are 100% sure 35.   In the long run, neither competitiveprice takers nor competitive price searchers will be able to earneconomic profits because A.   entry barriers into these markets arehigh, raising the costs of each firm. B.   the government will dictate moderateprices for these firms. C.   competition will force prices down tothe level of per-unit production costs. D.   marginal revenue is always less thanmarginal cost when barriers to entry are low. 35.   In the long run, neither competitiveprice takers nor competitive price searchers will be able to earneconomic profits because A.   entry barriers into these markets arehigh, raising the costs of each firm. B.   the government will dictate moderateprices for these firms. C.   competition will force prices down tothe level of per-unit production costs. D.   marginal revenue is always less thanmarginal cost when barriers to entry are low. 35.   In the long run, neither competitiveprice takers nor competitive price searchers will be able to earneconomic profits because

Explanation / Answer

C. competition will force prices down to the level of per-unitproduction costs.

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