ture.com/courses/1138695/quizzes/1913882/take/questions/4964125 izzes Quiz 10 Pe

Question

ture.com/courses/1138695/quizzes/1913882/take/questions/4964125 izzes Quiz 10 Perfect Competition z 10 - Perfect Competition d: Jul 22 at 10:33am iz Instructions Question 2 1.2 In a perfectly competitive long-run equilibrium O new firms continue to enter the industry O firms earn zero economic profit o the average total costs of a typical firm will be decreasing as output increases (ATC will be downwardly sloped at the profit maximizing output level.) O firms begin to produce differentiated products

Explanation / Answer

Correct Answer:

B

There is a zero economic profit for the firms in the long run equilibrium in this types of competition.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.