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Author Question: Consider a competitive industry in which firms are facing a continual decrease in demand for their ... (Read 95 times)

M1ch3a

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on: Oct 12, 2022
Consider a competitive industry in which firms are facing a continual decrease in demand for their product. In the long run,
◦ new firms will enter the industry and earn normal profits.
◦ existing firms will expand output as a means of recovering losses.
◦ existing firms will modernize plant and equipment in order to increase efficiency.
◦ firms will begin advertising in order to increase demand for their product.
◦ capacity in the industry will gradually shrink as plant and equipment is not replaced.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by M1ch3a on Oct 12, 2022

wangyichun

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Reply #1 on: Oct 12, 2022
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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M1ch3a

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

frankwu0507

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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