Which descriptions apply to the long-run equilibrium in a perfectly competitive market? Applies to Market Equilibrium...

 

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Which descriptions apply to the long-run equilibrium in a perfectly competitive market? Applies to Market Equilibrium Economic profit is zero. Drag appropriate answer(s) here Firms in the market have no incentive to exit. No "exit" or "enter" signals are being sent. Does Not Apply to Market Equilibrium ********* Accounting profit is zero. Firms outside the market have no incentive to enter. Firms will raise their prices to increase profits. Drag appropriate answer(s) here Which descriptions apply to the long-run equilibrium in a perfectly competitive market? Applies to Market Equilibrium Economic profit is zero. Drag appropriate answer(s) here Firms in the market have no incentive to exit. No "exit" or "enter" signals are being sent. Does Not Apply to Market Equilibrium ********* Accounting profit is zero. Firms outside the market have no incentive to enter. Firms will raise their prices to increase profits. Drag appropriate answer(s) here

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Answer Economic profit is zero Explanation The existence of economic pr... View the full answer