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Home Q & A Board Other Fields Homework Help Business Economics
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Costa Costa
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6 years ago
If purely competitive firms are earning positive economic profits, in the long run:
A) new firms will enter the industry, thus causing profits to fall
B) new firms will enter the industry, thus causing profits to rise
C) the industry will resemble an oligopoly
D) the industry will become a monopolistic environment
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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JavaewJavaew
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6 years ago
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Costa Author
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6 years ago
Brilliant ツ
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