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Author Question: If a typical firm in a perfectly competitive industry is earning profits, then (Read 297 times)

fnuegbu

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on: Oct 8, 2019

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


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all firms will continue to earn profits.


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


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


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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
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Marked as best answer by fnuegbu on Oct 8, 2019

canderson530

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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.
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fnuegbu

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Reply #2 on: Oct 8, 2019
Thank you!


canderson530

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Reply #3 on: Oct 8, 2019
Always glad to help...


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