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Author Question: A firm will enter a competitive market when (Read 130 times)

nummyann

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Question 1

If the shutdown rule, p < AVC, is the same in the short run and the long run, explain why the shutdown prices may be different.

Question 2

A firm will enter a competitive market when
◦ it can gather market share at the expense of incumbent firms.
◦ it would not be the last firm entering.
◦ it can earn a positive long-run profit.
◦ the long-run supply curve is upward sloping.


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Marked as best answer by nummyann on Mar 14, 2021

raili21

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nummyann

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Reply 2 on: Mar 14, 2021
YES! Correct, THANKS for helping me on my review


ttt030911

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Reply 3 on: Yesterday
Gracias!

 

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