In a perfectly competitive market, a marginal entrant:
A) earns positive economic profits in the long run.
B) is the first firm to enter a market.
C) is indifferent between entering and not entering.
D) determines the market price of the good it produces.
C
Economics
You might also like to view...
During the month of May, 10 million workers moved from being classified as "unemployed" to being classified as "employed." As a result
A) the labor force participation rate rose. B) the unemployment rate rose. C) the unemployment rate fell. D) the labor force participation rate fell.
Economics
The unreported underground economy represents about 1 percent of U.S. GDP
Indicate whether the statement is true or false
Economics