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Author Question: If entry is limited due to a limited input, firms in that market earn long run economic profit. ... (Read 23 times)

Jipu 123

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on: Jul 1, 2018
If entry is limited due to a limited input, firms in that market earn long run economic profit.
 
  Indicate whether the statement is true or false

Question 2

Before the DVD, the VCR was a popular format for taping and replaying video. When the DVD was introduced, which of the following most accurately describes the long-run adjustment process in the VCR industry?
 
  A) Costs increased, price increased, demand decreased, quantity decreased, profit decreased.
  B) Demand increased, costs increased, price increased, quantity increased, profit decreased.
  C) Demand decreased, quantity decreased, price decreased, profit decreased.
  D) Demand decreased, price decreased, quantity decreased, profit decreased.
Microeconomics ¦ Perloff ¦ 8th Edition
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vboyd24

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Reply #1 on: Jul 1, 2018
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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Jipu 123

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

emsimon14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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