alleryMatch normal profit: 1. Net: p. Zero 2. Long run: q. Normal 3. Profit: r. Normal
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
In a perfect market sellers operate at zero economic surplus, earning only normal profits in long-run equilibrium.
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