|
Title: If firms in a monopolistically competitive industry are making profits in the short run, then Post by: Lighting2551 on Feb 26, 2019 If firms in a monopolistically competitive industry are making profits in the short run, then
• barriers to entry will be erected to keep out rivals. • some firms will ultimately exit the industry. • they will resort to advertising wars to help sustain these profits. • new firms will enter the market. Title: If firms in a monopolistically competitive industry are making profits in the short run, then Post by: gdchavis1 on Feb 26, 2019 new firms will enter the market.
Title: If firms in a monopolistically competitive industry are making profits in the short run, then Post by: Lighting2551 on Feb 26, 2019 This calls for a celebration :raised_hands:
|