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In long-run perfectly competitive equilibrium, which of the following is false? A. Economic surplus is maximized. B. Firms earn economic profit. C. There is efficient, low-cost production at the minimum
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In long-run perfectly competitive equilibrium, which of the following is false?

A. Economic surplus is maximized.
B. Firms earn economic profit.
C. There is efficient, low-cost production at the minimum efficient scale.
D. Economies of scale are exhausted.

User Beat Richartz
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1 Answer

6 votes

Answer: B. Firms earn economic profit.

Step-by-step explanation:

User IgorStack
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