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Author Question: Suppose that a normal rate of return in the economy is 10% and the rate of return being earned by ... (Read 114 times)

naturalchemist

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on: Apr 19, 2019

Suppose that a normal rate of return in the economy is 10% and the rate of return being earned by firms in a competitive industry equals exactly 10%. Which of the following is a correct prediction based on this information?


◦ New firms will want to enter this industry, as the existing firms are earning an economic profit.
◦ Firms already in the industry will want to expand to try to increase their rate of return.
◦ Firms in the industry will not undertake any investment projects other than to replace depreciating capital stock.
◦ The industry size will contract.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by naturalchemist on Apr 19, 2019

yotaSR5

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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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naturalchemist

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Reply 2 on: Apr 19, 2019
Excellent

smrtceo

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Reply 3 on: Yesterday
Wow, this really help

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