In the short run, we assume that the number of firms in a perfectly competitive market:
A. varies if perfect information is present.
B. varies more than the long-run equilibrium.
C. is fixed.
D. is equal to the number of firms in the long-run.
C. is fixed.
Economics
You might also like to view...
A firm should hire more workers to increase its profits if
A) the marginal product of labor is greater than the wage the firm will pay these workers. B) there is enough capital and other resources for the workers to use. C) the demand for labor is elastic. D) the wage rate is less than the marginal revenue product of labor.
Economics
Benefits from international trade are based on the following differences, except:
A. In resource endowments B. In technological capabilities C. In product quality and other attributes D. In income levels
Economics