Waec 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Waec Economics examination. This question covers Economics .

Waec 2024 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 21 WAEC • 2024 • ECONOMICS • objective

Firms in perfect competition break even in the long-run because

Answer Options

Correct Answer A. new firms can enter the market and compete
B. existing firms make supernormal profits
C. the industry has barriers to entry
D. firms cannot influence market prices
Correct Answer
A
Correct Option:
new firms can enter the market and compete

About This Question

This is Waec 2024 Economics Question 21. It is one of the objective questions from the 2024 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

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