This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If firms in a monopolistically competitive industry are earning economic profits, then in the long run (Read 70 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
on: Apr 19, 2019

If firms in a monopolistically competitive industry are earning economic profits, then in the long run


◦ these firms can continue earning economic profits because entry into the industry is blocked.
◦ new firms producing close substitutes will enter the industry and this entry will continue until economic profits are eliminated.
◦ new firms producing the exact same product will enter the industry and this entry will continue until economic profits are eliminated.
◦ the government will most likely regulate firms in this industry to reduce these economic profits.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by imanialler on Apr 19, 2019

blakeserpa

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


imanialler

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Apr 19, 2019
TY


blakeserpa

  • Sr. Member
  • ****
  • Posts: 338
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History
Local and long–distance cell communication in animals. Local and long–distance cell communication in animals.
The features found in a long bone. The features found in a long bone.
economic question economic question
economic question economic question
Economic practice question Economic practice question
Video: Transcription—A molecular view

For a complete list of videos, visit our video library