In a perfectly competitive industry, any restrictions that prevent new firms from entering
A) lead to negative profits.
B) guarantee that all existing firms will earn exactly a zero profit.
C) hinder economic efficiency.
D) reduce the average cost of production.
Answer: C
Economics
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Suppose the United States discovers a way to produce clean nuclear fuel. The effect of this discovery would be to
A) lead the United States to produce less nuclear fuel. B) force the United States to produce at a point inside its PPF. C) shift the U.S. PPF outward. D) shift the U.S. PPF inward.
Economics
The price of a stock will rise if
a. the managers of a stock exchange decide the price should be higher. b. the demand for the stock rises. c. the supply of the stock rises. d. None of the above are correct.
Economics