Existing firms will want to leave the rental car industry if the normal rate of return in the industry is ________ and the return that firms earn in this industry equals exactly ________.
A) 6%; 6%
B) 4%; 7%
C) 12%; 9%
D) 1%; 2%
Correct Answer:
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Q78: Refer to the information provided in Figure
Q79: Suppose that a normal rate of return
Q80: Suppose that the normal rate of return
Q81: Refer to the data provided in
Q82: Existing firms in the rental car industry
Q84: Refer to the data provided in
Q85: As interest rates _, a firm would
Q86: Refer to the data provided in
Q87: Refer to the data provided in
Q88: All else equal, less investment takes place
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