Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Costa Costa
wrote...
Go to Answer
Posts: 1009
Rep: 0 0
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:
Read 67 times
1 Reply
Replies
Answer verified by a subject expert
JavaewJavaew
wrote...
#1
Posts: 409
Rep: 0 0
6 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

Costa Author
wrote...

6 years ago
You make an excellent tutor!
zsc999
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
Roselalo
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1338 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 71
  
 212
  
 68
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?