Author Question: If people can benefit from a good even if they do not pay for it, the good is nonrival. Indicate ... (Read 71 times)

bb · **on:** Jun 29, 2018

If people can benefit from a good even if they do not pay for it, the good is nonrival.

Indicate whether the statement is true or false

Question 2

In the short run, perfectly competitive firms ________ but in the long run, perfectly competitive firms ________.

A) can incur an economic loss; incur an economic loss
B) can incur economic losses; make an economic profit
C) must make an economic profit; make an economic profit
D) can incur an economic loss; make zero economic profit