This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If firms in a monopolistically competitive industry are earning economic profits, then in the long run (Read 240 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
on: Apr 19, 2019

If firms in a monopolistically competitive industry are earning economic profits, then in the long run


◦ these firms can continue earning economic profits because entry into the industry is blocked.
◦ new firms producing close substitutes will enter the industry and this entry will continue until economic profits are eliminated.
◦ new firms producing the exact same product will enter the industry and this entry will continue until economic profits are eliminated.
◦ the government will most likely regulate firms in this industry to reduce these economic profits.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by imanialler on Apr 19, 2019

blakeserpa

  • Sr. Member
  • ****
  • Posts: 338
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.
Answer Preview
Only 56% of students answer this correctly


imanialler

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Apr 19, 2019
TY


blakeserpa

  • Sr. Member
  • ****
  • Posts: 338
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Indicators of Relative Economic Well-Being Indicators of Relative Economic Well-Being
Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate
Part of a Semantic Network in Long-Term Memory Part of a Semantic Network in Long-Term Memory
economic question economic question
economic question economic question
economic question economic question
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library