DanyTheManny6541 DanyTheManny6541

14-04-2020
Social Studies

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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.

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toni123abarca toni123abarca

14-04-2020

Answer: B. Firms earn economic profit.

Explanation:

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