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 a purely competitive industry is in long-run equilibrium:
A) each firm in the industry is earning zero economic profits
B) each firm in the industry is earning positive economic profits
C) new firms will enter the industry in order to achieve equilibrium also
D) new entrants will erode positive profits and the industry will eventually shrink
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
Read 53 times
1 Reply
Replies
Answer verified by a subject expert
angelverdeangelverde
wrote...
#1
Posts: 470
Rep: 1 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!
shimyshiguy
wrote...

Yesterday
Thanks for your help!!
jakechambo3
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1385 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 242
  
 727
  
 935
Your Opinion
Who's your favorite biologist?
Votes: 586
Previous poll results: Should Ph.D.'s be addressed as doctors?