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Nica Nica
wrote...
Posts: 520
4 years ago

Question 1.

Industries in which firms ________ are likely to contract in the long-run.



▸ have positive profits

▸ suffer losses

▸ break even

▸ have no competition

Question 2.

Industries in which firms ________ are likely to expand in the long-run.



▸ have positive profits

▸ suffer losses

▸ break even

▸ shut down in the short run
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 69 times
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Answer verified by a subject expert
jaded 7.jaded 7.
wrote...
Posts: 376
4 years ago
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Nica Author
wrote...
4 years ago
Thanks
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