Which of the following statements regarding the long-term equilibrium is TRUE?
A) As new firms enter a market, each existing firm increases the quantity it produces.
B) Firms leave a market if they are making zero economic profit.
C) Entry and exit stop when firms are making an economic profit.
D) Entry and exit stop when firms make zero economic profit.
D
Economics
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Which of the following goods is NOT subject to the free-rider problem?
A) national defense B) the local police force C) public fireworks D) a public transit system
Economics
During the Great Depression, automatic stabilizers ______.
a. prevented a complete economic meltdown b. deepened the economic crisis c. were not yet in place d. took too long to take effect
Economics