Order the answer to: Why must profits be zero in long-run competitive equilibrium?a.

Assignment Help business-economics Order the answer to: Why must profits be zero in long-run competitive equilibrium?a.

business-economics

Order the answer to: Why must profits be zero in long-run competitive equilibrium?a.

Question Why must profits be zero in long-run competitive equilibrium? a. If profits are not zero, firms will enter or exit the industry. b. If profits are not zero, firms will produce higher-quality goods. c. If profits are not zero, marginal revenue will rise. d. If profits are not zero, marginal cost will rise.
Subject business-economics
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