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Author Question: Which of the following statements about a perfectly competitive industry in long-run equilibrium is correct? (Read 60 times)

olivia_rose

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on: Oct 12, 2022
Which of the following statements about a perfectly competitive industry in long-run equilibrium is correct?
◦ Each firm is producing at the minimum point on its LRAC curve.
◦ Losses are tolerable because of high fixed costs.
◦ Firms must exhibit economies of scale.
◦ In order to stay in the industry, each firm is making an economic profit.
◦ Individual firms will have no incentive for technological improvement.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by olivia_rose on Oct 12, 2022

xinyifff

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olivia_rose

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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