Use the following to answer question:
Figure: The Restaurant Market
-(Figure: The Restaurant Market)Use Figure: The Restaurant Market.The figure shows curves facing a typical restaurant.Assume that many firms,differentiated products,and easy entry and exit characterize the market.In the long run:
A)restaurants will leave the market.
B)restaurants will enter the market.
C)restaurants will neither enter nor exit the market.
D)Not enough information is given to answer the question.

Question

Use the following to answer question:
Figure: The Restaurant Market 
-(Figure: The Restaurant Market)Use Figure: The Restaurant Market.The figure shows curves facing a typical restaurant.Assume that many firms,differentiated products,and easy entry and exit characterize the market.In the long run:
A)restaurants will leave the market. 
B)restaurants will enter the market. 
C)restaurants will neither enter nor exit the market. 
D)Not enough information is given to answer the question.

Quizplus · Accepted Answer

The Answer of Use the following to answer question:
Figure: The Restaurant Market 
-(Figure: The Restaurant Market)Use Figure: The Restaurant Market.The figure shows curves facing a typical restaurant.Assume that many firms,differentiated products,and easy entry and exit characterize the market.In the long run:
A)restaurants will leave the market. 
B)restaurants will enter the market. 
C)restaurants will neither enter nor exit the market. 
D)Not enough information is given to answer the question.

Use the Following to Answer Question