Economics for Today 9th Edition by Irvin Tucker

تمرين 6

Suppose independent truckers operate in a perfectly competitive industry. If these firms are earning positive economic profits, what happens in the long run to the following: the price of trucking services, the industry quantity of output, and the profits of trucking firms? Given these conditions, is the independent trucking industry a constant-cost, an increasing-cost, or a decreasing-cost industry?