Tackle the Test: Multiple-Choice Questions

  1. Question

    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
    In the long run, a perfectly competitive firm will earn
  2. Question

    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
    With perfect competition, efficiency is generally attained in
  3. Question

    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
    Compared to the shor
  4. 613

    Question

    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
    Which of the following is generally true for perfect competition?
  5. Question

    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
    Which of the following will happen in response if perfectly competitive firms are earning positive economic profit?