Which of the following statements are true about a, Ask an Expert

Economics

Which of the following statements are true about a competitive price-searcher market? Check all that apply.

Firms face a downward-sloping demand curve.

Firms earn negative profit in the long run.

Firms are price takers.

Firms face low barriers to market entry.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91719105

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