Top Posters
Since Sunday
6
n
3
j
3
o
2
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
insherro insherro
wrote...
Go to Answer
Posts: 671
Rep: 5 0
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:
Read 99 times
1 Reply
University of Ottawa - Economics for Managers
Replies
Answer verified by a subject expert
toogootoogoo
wrote...
#1
Top Poster
Posts: 529
Rep: 15 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

insherro Author
wrote...

7 years ago
This calls for a celebration Person Raising Both Hands in Celebration
sakoon
wrote...

Yesterday
Thanks for your help!!
Goku935
wrote...

2 hours ago
Helped a lot
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  994 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 296
  
 153
  
 459
Your Opinion
Where do you get your textbooks?
Votes: 372
Previous poll results: Which country would you like to visit for its food?