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Costa Costa
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6 years ago
If a purely competitive industry is in long-run equilibrium:
A) each firm in the industry is earning zero economic profits
B) each firm in the industry is earning positive economic profits
C) new firms will enter the industry in order to achieve equilibrium also
D) new entrants will erode positive profits and the industry will eventually shrink
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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angelverdeangelverde
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#1
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6 years ago
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Costa Author
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6 years ago
Good timing, thanks!
rudy.zondo
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
sadiewolf
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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