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Author Question: If perfectly competitive lawn care firms are making an economic profit, then (Read 124 times)

TVarnum

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on: May 24, 2019
If perfectly competitive lawn care firms are making an economic profit, then
◦ wages will be bid up until the economic profit are gone.
◦ the firms must be superior and will continue to make an economic profit.
◦ new firms will enter the industry.
◦ they are not equating marginal revenue to marginal cost.
◦ government regulation will be imposed to decrease their profit.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by TVarnum on May 24, 2019

Hikerman221

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Reply #1 on: May 24, 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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TVarnum

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Reply #2 on: May 24, 2019
Thanks


Hikerman221

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Reply #3 on: May 24, 2019
Welcome :)


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