In the long run, profits will equal zero in a competitive market because of
A. constant returns to scale.
B. identical products being produced by all firms.
C. the availability of information.
D. free entry and exit.
Answer:D
In the long run, profits will equal zero in a competitive market because of
A. constant returns to scale. B. identical products being produced by all firms. C. the availability of information. D. free entry and exit.