[Solved] Suppose That the Market in Which Bakeries Compete Is a Perfectly

Question 97
Multiple Choice
arrowQuestion 97arrow

Suppose that the market in which bakeries compete is a perfectly competitive market. Which one of the following reasons does not explain why it is difficult for a bakery to make an economic profit in the long run?

A)All bakeries are price takers.
B)All bakeries are able to set the market price.
C)The threat of entry by potential bakeries.
D)The demand facing each bakery is perfectly elastic.
E)All bakeries produce identical goods.


10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Economics Homework Help with various study sets and a huge amount of quizzes and questions

Related Questions

Get Free Access Now!

Get free access by uploading any valuable academic documents


Invite your friends by sharing your unique referral link, and get a free access

Invite a friendInvite a friendInvite a friend
Join Us
Join Us

Sign up to get 5 free question for every quiz you visit. Or Subscribe and get instant access