Which of the following statements about profit maximizing firms in a c
Which of the following statements about profit maximizing firms in a competitive market is FALSE?
A) Firms earn no economic profit in the long run.
B) Marginal revenue does not have to equal marginal cost.
C) p – MC = 0.
D) Price equals marginal revenue.
ANSWER
B
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.