Question:
A firm in a perfectly competitive market is making zero economic profit in the long run. It will have the incentive to:
A firm in a perfectly competitive market is making zero economic profit in the long run. It will have the incentive to:
Updated On: Mar 11, 2024
- Shut down
- Continue to operate as it is
- Exit
- Relocate to another industry
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The Correct Option is B
Solution and Explanation
The correct option is(B): Continue to operate as it is
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