Question Description
In the long-run equilibrium of an imperfectly competitive firm, we can expect:a)Economic profits to be zero.b)Price to exceed average cost.c)Barriers to entry to be eliminated.d)Identical products being sold by all firms.Correct answer is option 'A'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about In the long-run equilibrium of an imperfectly competitive firm, we can expect:a)Economic profits to be zero.b)Price to exceed average cost.c)Barriers to entry to be eliminated.d)Identical products being sold by all firms.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the long-run equilibrium of an imperfectly competitive firm, we can expect:a)Economic profits to be zero.b)Price to exceed average cost.c)Barriers to entry to be eliminated.d)Identical products being sold by all firms.Correct answer is option 'A'. Can you explain this answer?.

Solutions for In the long-run equilibrium of an imperfectly competitive firm, we can expect:a)Economic profits to be zero.b)Price to exceed average cost.c)Barriers to entry to be eliminated.d)Identical products being sold by all firms.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for JAMB. Download more important topics, notes, lectures and mock test series for JAMB Exam by signing up for free.

Here you can find the meaning of In the long-run equilibrium of an imperfectly competitive firm, we can expect:a)Economic profits to be zero.b)Price to exceed average cost.c)Barriers to entry to be eliminated.d)Identical products being sold by all firms.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of In the long-run equilibrium of an imperfectly competitive firm, we can expect:a)Economic profits to be zero.b)Price to exceed average cost.c)Barriers to entry to be eliminated.d)Identical products being sold by all firms.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for In the long-run equilibrium of an imperfectly competitive firm, we can expect:a)Economic profits to be zero.b)Price to exceed average cost.c)Barriers to entry to be eliminated.d)Identical products being sold by all firms.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of In the long-run equilibrium of an imperfectly competitive firm, we can expect:a)Economic profits to be zero.b)Price to exceed average cost.c)Barriers to entry to be eliminated.d)Identical products being sold by all firms.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice In the long-run equilibrium of an imperfectly competitive firm, we can expect:a)Economic profits to be zero.b)Price to exceed average cost.c)Barriers to entry to be eliminated.d)Identical products being sold by all firms.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice JAMB tests.