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insherro insherro
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7 years ago
Assume the firms in a monopolistically competitive industry initially are earning positive economic profits. Which of the following will not occur over time?
A) The firms' economic profits will be reduced.
B) New firms will enter.
C) Demand for the existing firms' output will become more inelastic.
D) The number of substitutes available in the industry will increase.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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toogootoogoo
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#1
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7 years ago
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insherro Author
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7 years ago
Good timing, thanks!
klyn
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Yesterday
Correct Slight Smile TY
zsc999
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2 hours ago
This site is awesome
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