Author Question: In the long run, the economic profit of a firm in a perfectly competitive market A) will be above ... (Read 111 times)

Alainaaa8 · **on:** Jun 29, 2018

In the long run, the economic profit of a firm in a perfectly competitive market

A) will be above zero.
B) will be below zero.
C) will equal zero.
D) can be above, below, or equal to zero.

Question 2

If the Fed sells securities to commercial banks, there is no money multiplier effect.

Indicate whether the statement is true or false