A perfectly competitive firm cannot make economic profits in the long run because:
a. it is a price taker
b. there are no barriers to entry into the industry.
c. it faces a perfectly elastic demand curve.
d. its advertising costs will rise to eliminate any economic profits.
b
Economics
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If the Fed is increasing its holdings of government bonds at the same time the federal deficit is increasing,
A. the Fed and the Treasury are, as usual, coordinating activities. B. crowding out is more likely to occur. C. the debt is being monetized. D. the Fed is attempting to increase interest rates.
Economics
no matter what our objectives in life, they are easier to achieve if we have more wealth.
What will be an ideal response?
Economics