In the long run, new firms enter a perfectly competitive market when O A) normal profit is greater than zero. B) normal profit is equal to zero. C) economic profit is greater than zero. D) economic profit is equal to zero. E) the existing firms are weak because they are incurring economic losse

In the long run, new firms enter a perfectly competitive market when O A) normal profit is greater than zero. B) normal profit is equal to zero. C) economic profit is greater than zero. D) economic profit is equal to zero. E) the existing firms are weak because they are incurring economic losse

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Perefect Competition

Section: Chapter Questions

Problem 12SQ

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In the long run, new firms enter a perfectly competitive market when
A) normal profit is greater than zero.
B) normal profit is equal to zero.
C) economic profit is greater than zero.
D) economic profit is equal to zero.
E) the existing firms are weak because they are incurring economic losses.

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