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In a long-run equilibrium where firms have identical costs, it is possible that some firms in a competitive market are making a positive economic profit. a) true b) false

In a long-run equilibrium where firms have identical costs, it is possible that some firms in a competitive market are making a positive economic profit. a) true b) false
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In a long-run equilibrium where firms have identical costs, it is possible that some firms in a competitive market are making a positive economic profit.

a) true
b) false

asked
User Omolara
by
7.7k points

1 Answer

5 votes
The answer is true
Hope that helps
answered
User Rpozarickij
by
8.3k points
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