Which of the following statements is true a a long-run, Ask an Expert

Economics

Which of the following statements is true? A) A long-run competitive equilibrium can only be achieved in constant-cost industries. B) When an industry achieves a long-run competitive equilibrium, industry output will not change in the future. C) A long-run competitive equilibrium outcome is not economically efficient. D) When an industry reaches a long-run competitive equilibrium, the typical firm in the industry breaks even.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91845250

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