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tuggy tuggy
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7 years ago
In a competitive industry some firms earn positive economic profits while some earn zero economic profit in the long run because:
A) there exists free entry and exit of firms.
B) the firms have different cost structures.
C) the firms sell their output at different prices.
D) the industry supply curve is perfectly elastic.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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7 years ago
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tuggy Author
wrote...

7 years ago
this is exactly what I needed
klyn
wrote...

Yesterday
Good timing, thanks!
dearsophia21
wrote...

2 hours ago
Smart ... Thanks!
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