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 242 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?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

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.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Nanomaterials Applications and Industry Used Nanomaterials Applications and Industry Used
Typical fireproof flammable storage cabinet. Typical fireproof flammable storage cabinet.
The direction of signals conducted orthodromically through a typical multipolar neuron. The direction of signals conducted orthodromically through a typical multipolar neuron.
Typical joint changes associated with osteoarthritis. Typical joint changes associated with osteoarthritis.
A typical purified water system A typical purified water system
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library