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

Author Question: If a typical firm in a perfectly competitive industry is earning profits, then (Read 280 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Oct 8, 2019

If a typical firm in a perfectly competitive industry is earning profits, then


◦

all firms will continue to earn profits.


◦

new firms will enter in the long run causing market supply to increase, market price to fall, and profits to decrease.


◦

the number of firms in the industry will remain constant in the long run.


◦

new firms will enter in the long run causing market supply to decrease, market price to rise, and profits to increase.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fnuegbu on Oct 8, 2019

canderson530

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Oct 8, 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


fnuegbu

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Oct 8, 2019
Thank you!


canderson530

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Oct 8, 2019
Always glad to help...


« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Typical hand deformities associated with rheumatoid arthritis. Typical hand deformities associated with rheumatoid arthritis.
Typical combustion and exhaust temperatures. Typical combustion and exhaust temperatures.
A typical battery load tester hookup. A typical battery load tester hookup.
A typical IAC. A typical IAC.
Typical Mendelian pattern of inheritance of HLA haplotypes includes children AC, BC, AD, and BD. ... Typical Mendelian pattern of inheritance of HLA haplotypes includes children AC, BC, AD, and BD. ...
The genome of a typical retrovirus is shown at the top of the diagram The genome of a typical retrovirus is shown at the top of the diagram
Video: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library