In the long run, firms in a competitive market A) shut down ...

[cnetterville]

In the long run, firms in a competitive market
 
  A) shut down because profit goes to zero.
  B) lose money.
  C) are not profit maximizing.
  D) earn zero economic profit.

Question 2

Regardless of market structure, all firms
 
  A) consider the actions of rivals.
  B) maximize profit by setting marginal revenue equal to marginal cost.
  C) produce a differentiated product.
  D) have the ability to set price.

[Sophiapenny]

Answer to Question 1

D

Answer to Question 2

B

[cnetterville]

Great answer, keep it coming

[chereeb]

Thanks for the timely response, appreciate it