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 234 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?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

A Typical Floodplain A Typical Floodplain
Typical optical distributor. Typical optical distributor.
A typical bus system showing module CAN communications and twisted pairs of wire. A typical bus system showing module CAN communications and twisted pairs of wire.
A typical air vane sensor with the cover removed. The movable arm contacts a carbon resistance path ... A typical air vane sensor with the cover removed. The movable arm contacts a carbon resistance path ...
Structures of a few typical eukaryotic promoters Structures of a few typical eukaryotic promoters
Typical features of expression vectors for E. coli Typical features of expression vectors for E. coli
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library