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Author Question: When firms earn above normal rates of return (Read 117 times)

altibaby

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on: Apr 19, 2019

Question 1

When firms earn below normal rates of return


◦ they raise their prices to increase their profits.
◦ they tend to stay in the industry in anticipation of other firms leaving the industry.
◦ they tend to leave the industry and seek profits elsewhere.
◦ they are still breaking even economically.

Question 2

When firms earn above normal rates of return


◦ they are able to raise their prices to increase their profits.
◦ they are earning positive profits and new firms are likely to enter the industry.
◦ they tend to leave the industry and seek profits elsewhere.
◦ they are still breaking even economically.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by altibaby on Apr 19, 2019

alvinum

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Reply #1 on: Apr 19, 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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altibaby

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

strudel15

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

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