When a perfectly competitive industry is not in the long-run equilibrium, all firms in the industry A. earn negative economic profits. B. may earn negative or positive economic profits C. earn positive economic profits. D. earn zero economic profits.
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When a perfectly competitive industry is not in the long-run equilibrium, all firms in the industry A. earn negative economic profits. B. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » When a perfectly competitive industry is not in the long-run equilibrium, all firms in the industry A. earn negative economic profits. B. may earn negative or positive economic profits C. earn positive economic profits. D. earn zero economic profits.