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

Author Question: If a typical firm in a perfectly competitive industry is earning profits, then (Read 305 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Oct 8, 2019

If a typical firm in a perfectly competitive industry is earning profits, then


◦

all firms will continue to earn profits.


◦

new firms will enter in the long run causing market supply to increase, market price to fall, and profits to decrease.


◦

the number of firms in the industry will remain constant in the long run.


◦

new firms will enter in the long run causing market supply to decrease, market price to rise, and profits to increase.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fnuegbu on Oct 8, 2019

canderson530

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Oct 8, 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


fnuegbu

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Oct 8, 2019
Thank you!


canderson530

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Oct 8, 2019
Always glad to help...


« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

bio industry bio industry
A diagrammatic section through a typical adult tooth. A diagrammatic section through a typical adult tooth.
A typical open-end wrench. Note the size difference on each end and that the head is angled 15 ... A typical open-end wrench. Note the size difference on each end and that the head is angled 15 ...
A typical ratchet used to rotate a socket. A ratchet makes a ratcheting noise when it is being ... A typical ratchet used to rotate a socket. A ratchet makes a ratcheting noise when it is being ...
Pressure testing the cooling system. A typical hand-operated pressure tester applies pressure equal ... Pressure testing the cooling system. A typical hand-operated pressure tester applies pressure equal ...
A typical massage room has adequate space for equipment and pleasant decorations. A typical massage room has adequate space for equipment and pleasant decorations.
Video: Uterine (menstrual) cycle - phases

For a complete list of videos, visit our video library