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Lighting2551 Lighting2551
wrote...
Posts: 474
5 years ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 57 times
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Replies
wrote...
5 years ago
new firms will enter the market.
Lighting2551 Author
wrote...
5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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