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When a perfectly competitive industry is in long-run equilibrium, all firms in the industry

    a. earn zero economic profits.    b. produce a level of output where short-run marginal cost is equal to short-run average total cost.    c. produce a level of output where long-run marginal cost is equal to long-run average cost.    d. All of the above are correct.

General Business Administration Business Development Management
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Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2015/06/07
Upvote (3) Views (15) Followers (7) Answers (6) Report Question
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Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

 d.>>>>>>>>>>>>>>>>>>>>>>>>>>> All of the above are correct.

khaled elkholy
by khaled elkholy , HR MANAGER , misk for import & export

All of the above are correct. ..!!!!!!!

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

d. All of the above are correct.

Deleted user
by Deleted user

D

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Thanks

Sashikanta Mohapatra
by Sashikanta Mohapatra , Manager - Business Development/Sales Process Deployment , Vodafone Spacetel Limited

All the above options are correct.

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

Option " D " All Above Is correct

 

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