In a perfectly competitive market, the process of entry and exit will end when firms face:
A. Accounting profits equal to zero
B. Marginal revenue equal to long-run average total cost
C. Average revenue greater than marginal cost
D. Total revenue equal to average total cost

Question

In a perfectly competitive market, the process of entry and exit will end when firms face:
A. Accounting profits equal to zero
B. Marginal revenue equal to long-run average total cost
C. Average revenue greater than marginal cost
D. Total revenue equal to average total cost

In a perfectly competitive market, the process of entry and exit will end when firms face:

A. Accounting profits equal to zero

B. Marginal revenue equal to long-run average total cost

C. Average revenue greater than marginal cost

D. Total revenue equal to average total cost

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In a perfectly competitive market, the process of entry and exit will end when firms face: A. Accounting profits equal to zero B. Marginal revenue equal to long-run average total cost C. Average revenue greater than marginal cost D. Total revenue equal to average total cost