If the market for maple syrup is perfectly competitive, then in the long-run equilibrium, firms are

A) entering the market.
B) exiting the market.
C) making zero economic profit.
D) temporarily shutting down.

C

Economics

You might also like to view...

The value of the next-best choice not chosen is called opportunity cost.

a. true b. false

View
Economics

Into what two effects can we divide the effect of a price change?

What will be an ideal response?

View
Economics