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Author Question: If typical firms in a competitive industry are earning economic profits, the industry (Read 123 times)

sh03641

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on: Oct 12, 2022
If typical firms in a competitive industry are earning economic profits, the industry
◦ can be expected to experience the entry of new firms.
◦ has too many resources allocated to it.
◦ is allocatively efficient.
◦ is in a long-run equilibrium.
◦ must be experiencing an increase in monopoly power.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by sh03641 on Oct 12, 2022

swagmaster69

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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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sh03641

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Mochi

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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