A perfectly competitive firm in long run equilibrium will earn
a. zero economic profit.
b. a small positive economic profit.
c. a large positive economic profit.
d. zero accounting profit.
A
Economics
You might also like to view...
After World War II, the United States has pursued a broad policy of
A) strengthening "Fortress America" protectionism. B) removing barriers to international trade. C) isolating Iran and other members of the "axis of evil." D) protecting the U.S. from the economic impact of oil producers. E) restricting trade of manufactured goods.
Economics
Indentured servants were white colonists who sold themselves into slavery when their farms in America failed
Indicate whether the statement is true or false
Economics