In the short run, perfectly competitive firms
a. always earn an economic profit
b. never earn an economic profit
c. always invest more in order to earn more
d. never suffer an economic loss
e. can earn an economic profit
E
Economics
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A) network externality B) pecuniary externality C) adverse selection D) moral hazard
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The type of unemployment created by the normal rate of reentry and entry into the labor force is
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) seasonal unemployment.
Economics