Are lower in the long run than in the short run
Can be negative
Are less in perfect competition than in monopoly
All of the above
✅ The correct answer is D.
Profits are lower in the long run than in the short run, it can be negative and are less in perfect competition than in monopoly.
Profits are lower in the long run than in the short run, it can be negative and are less in perfect competition than in monopoly.