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Author Question: In a perfectly competitive market, smaller-than-efficient sized firms can exist in (Read 89 times)

kckanistras

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on: Oct 12, 2022

Question 1

In the long run, it is not possible for a perfectly competitive firm to
◦ adopt new technology.
◦ set the product price.
◦ adjust its output.
◦ alter its plant size.
◦ replace its antiquated equipment.

Question 2

In a perfectly competitive market, smaller-than-efficient sized firms can exist in
◦ the long run, and they will make positive economic profits.
◦ both the short and long run.
◦ the short run.
◦ both the short run and the long run, but they must reduce plant size to remain competitive.
◦ the long run.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by kckanistras on Oct 12, 2022

ALuthy

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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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kckanistras

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

diana chang

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Reply 3 on: Yesterday
Excellent

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