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Author Question: If firms in a monopolistically competitive industry are earning economic profits, then in the long run (Read 229 times)

imanialler

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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
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Marked as best answer by imanialler on Apr 19, 2019

blakeserpa

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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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imanialler

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Reply #2 on: Apr 19, 2019
TY


blakeserpa

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Reply #3 on: Apr 19, 2019
You're welcome


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