Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following does not need to be true for long-run equilibrium to be attained? Group of answer choices Constant returns to scale are
Which of the following does not need to be true for long-run equilibrium to be attained? Group of answer choices Constant returns to scale are reached. The latest in technology is utilized. Profit is being maximized. There is no incentive to enter or exit the industry. Economic profits equal zero
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started