One World View article is titled "Flat Panels,Thin Margins." New firms continue to enter the industry even though prices are falling because
A) Normal profits are being earned.
B) Total costs equal total revenues.
C) Total costs are greater than total revenues.
D) Economic profits are being earned.
Correct Answer:
Verified
Q112: Q113: When entrepreneurs decide to build a plant,they Q114: Entry and exit are long-run investment decisions. Q115: One World View article is titled "Competition Q116: The decision by firms to enter a Q118: The profit motive drives entry and exit Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()