McqMate
| Q. |
If a perfectly competitive industry is in long-run equilibrium, which of the following is most likely to be true |
| A. | some firms can be expected to leave the industry. |
| B. | individual firms are not operating at the minimum points on their average total cost curves. |
| C. | firms are earning a return on investment that is equal to their opportunity costs. |
| D. | some factors are not receiving a return equal to their opportunity costs. |
| Answer» C. firms are earning a return on investment that is equal to their opportunity costs. | |
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