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Title: If there are barriers to entry into a market, it is possible for the existing firm(s) to earn ... Post by: hiusy98 on Jan 23, 2017 If there are barriers to entry into a market, it is possible for the existing firm(s) to earn positive economic profits. All of the following explain this except:
A) new firms cannot enter to take advantage of the profits. B) resource immobility. C) it is possible for a firm in this situation to charge any price it wants and thus preclude anyone else from entering. D) competition does not erode profits the way it would under perfect competition. Title: Re: If there are barriers to entry into a market, it is possible for the existing firm(s) to earn ... Post by: andyborzi on Jan 23, 2017 Content hidden
Title: Re: If there are barriers to entry into a market, it is possible for the existing firm(s) to earn ... Post by: hiusy98 on Mar 27, 2017 Needed these to complete my project
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