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Home Q & A Board Other Fields Homework Help Business Economics
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hiusy98 hiusy98
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7 years ago
If there are barriers to entry into a market, it is possible for the existing firm(s) to earn positive economic profits. All of the following explain this except:
A) new firms cannot enter to take advantage of the profits.
B) resource immobility.
C) it is possible for a firm in this situation to charge any price it wants and thus preclude anyone else from entering.
D) competition does not erode profits the way it would under perfect competition.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
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andyborziandyborzi
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7 years ago
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hiusy98 Author
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#2
7 years ago
Needed these to complete my project
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