Which of the following statements is true of the long run?
A) Identical firms can enjoy positive economic profits.
B) Identical firms face an upward-sloping supply curve.
C) Non-identical firms can enjoy positive economic profits.
D) Non-identical firms face a horizontal supply curve.
C
Economics
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A leftward shift of the demand curve results in: a. increase in equilibrium price
b. increase in quantity. c. decrease in both equilibrium price and quantity. d. decrease in quantity and an indeterminate equilibrium price.
Economics
Explain the difference between a secured and an unsecured loan, and the interest rate you would expect to see charged on each (all other factors equal).
What will be an ideal response?
Economics