Solved

If a Perfectly Competitive Industry Is in Long-Run Equilibrium, Which

Question 2

Multiple Choice

If a perfectly competitive industry is in long-run equilibrium, which of the following is most likely to be true


A) some firms can be expected to leave the industry.
B) individual firms are not operating at the minimum points on their average total cost curves.
C) firms are earning a return on investment that is equal to their opportunity costs.
D) some factors are not receiving a return equal to their opportunity costs.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents