When a market is in equilibrium:

A) producers earn economic profits.
B) production exhibit diminishing returns to scale.
C) market forces exert no pressure for change in price.
D) industry output is maximized.
E) market forces allow producers to charge the maximum price.

Economic Profits

Profits calculated by subtracting both the explicit and implicit costs from total revenues, representing the additional value created beyond all opportunity costs.

Diminishing Returns

A principle stating that if one factor of production is increased while others are held constant, the additional output will eventually decrease.