In long-run perfectly competitive equilibrium, which of the following is false?
A. Econ...
Social Studies, 14.04.2020 23:13 hannahhoops12
In long-run perfectly competitive equilibrium, which of the following is false?
A. Economic surplus is maximized.
B. Firms earn economic profit.
C. There is efficient, low-cost production at the minimum efficient scale.
D. Economies of scale are exhausted.
Answers: 3
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