Positive economic profit encourages new firms to enter an industry.
Correct Answer:
Verified
Q5: A monopolistically competitive market is characterized by
A)
Q6: On South Street in Philadelphia,there are many
Q7: Which of the following characteristics is shared
Q8: Which of the following characteristics is shared
Q9: Assume that there is a single firm
Q11: As a result of product differentiation,a firm
Q12: Recall the Application about the price competition
Q13: As new firms enter an industry,the existing
Q14: If there is free entry in a
Q15: Which of the following statements is true?
A)
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