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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1275737
Introduction to Economics 1 Deneme Sınavı Sorusu #1275737
Which of the followings refers to the type of market in which the economic profit of each individual seller is zero, and there is no incentive for entry or exit?
|
Short-run market supply curve. |
|
Normal economic profit. |
|
Break-even point. |
|
Perfectly competitive market equilibrium. |
|
Long-run market supply curve. |
Yanıt Açıklaması:
Perfectly competitive market equilibrium: the market equilibrium in a perfectly competitive market in which the economic profit of each individual seller is zero, and there is no incentive for entry or exit. Therefore, the correct option is D.
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