menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 45
  4. Exam
    Exam 11: Pure Competition in the Long Run
  5. Question
    Long-Run Competitive Equilibrium
Solved

Long-Run Competitive Equilibrium

Question 170

Question 170

Multiple Choice

Long-run competitive equilibrium


A) is realized only in constant-cost industries.
B) will never change once it is realized.
C) is not economically efficient.
D) results in zero economic profits.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q165: The "invisible hand" in a competitive market

Q166: In long-run equilibrium, purely competitive markets<br>A)minimize total

Q167: Which of the following statements is correct?<br>A)The

Q168: In long-run equilibrium under pure competition, all

Q169: So-called creative destruction leads to all of

Q171: Innovations that lower production costs or create

Q172: An upward-sloping long-run supply curve indicates a

Q173: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the

Q174: The long-run supply curve for a decreasing-cost

Q175: A constant-cost industry is one in which<br>A)resource

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2026) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines