Which of the following statements applies to a purely competitive producer?
a. Its product will have a brand name that elicits customer loyalty.
b. Its product is slightly different from those of its competitors.
c. It will not advertise its product.
d. Long-run equilibrium, it will earn an economic profit.

Question

04-07-2024
Business

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Which of the following statements applies to a purely competitive producer?
a. Its product will have a brand name that elicits customer loyalty.
b. Its product is slightly different from those of its competitors.
c. It will not advertise its product.
d. Long-run equilibrium, it will earn an economic profit.

Sagot :

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