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Author Question: The process of "creative destruction" in an oligopolistic industry suggests that (Read 52 times)

ksmithunr

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on: Oct 12, 2022
The process of "creative destruction" in an oligopolistic industry suggests that
◦ profits are driven to zero by the entry of new firms.
◦ there are no costs of exit in oligopoly.
◦ firms can enter and leave without incurring any sunk costs of entry.
◦ no firm can survive in the long run.
◦ the prospect of keeping the resulting profits provides an incentive for firms to innovate.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ksmithunr on Oct 12, 2022

DevinBrifm

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Reply #1 on: Oct 12, 2022
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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ksmithunr

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Reply 2 on: Oct 12, 2022
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