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thanhha78 thanhha78
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6 years ago
If short-run economic profits are greater than zero for firms in a monopolistically competitive market, in the long run we expect
A) the demand curve for firms in the market to shift to the right.
B) entry barriers to prevent competing firms from entering this market.
C) the average cost of production to decrease.
D) the average cost of production to increase.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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6 years ago
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