When free entry is one of the attributes of a market structure, economic profits are:
A) eventually driven to zero
B) negative for all firms
C) never above or below zero
D) always positive
Correct Answer:
Verified
Q51: The reason that monopoly remains a root-word
Q52: Graph 17-1 Q53: A profit-maximising firm in a monopolistically competitive Q54: Which of the following are attributes of Q55: Suppose that in the short run, a Q57: The product-variety externality associated with monopolistic competition Q58: Monopolistic competition is characterised by which of Q59: Suppose that in the short run, a Q60: In a monopolistically competitive industry, price is: Q61: In a monopolistically competitive market, equilibrium is
A)above
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