When profits exist in a competitive price-searcher market,
A) rival firms will be attracted into the market.
B) high barriers to entry will prevent rival firms from entering the market.
C) product differentiation will prevent new firms from making a profit.
D) the profits will persist because the firms face a downward-sloping demand curve.
Correct Answer:
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Q197: In the long run the prices charged
Q198: If a price searcher is producing at
Q199: A price-searcher firm will expand output until
A)
Q200: If a firm in a competitive price-searcher
Q201: Because barriers to entry are low in
Q203: Suppose that competitive price-searcher firms are earning
Q204: As firms exit a competitive price-searcher market,
Q205: Long-run equilibrium in a competitive price-searcher market
Q206: Which of the following is true for
Q207: The fact that barriers to entry are
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