____. firms will ____ the industry until all firms in the
A. total revenue equals total cost industry are ____.
B. price equals marginal cost A) exit; covering only their total fixed costs
C. price equals average cost B) enter; making zero economic profit
D. economic profit equals zero in the short run C) exit; producing at the minimum point on their
Answer:B
____. firms will ____ the industry until all firms in the
A. total revenue equals total cost industry are ____. B. price equals marginal cost A) exit; covering only their total fixed costs C. price equals average cost B) enter; making zero economic profit D. economic profit equals zero in the short run C) exit; producing at the minimum point on their