Business, 19.03.2020 01:04 joshuanieto44

Hen entry barriers into a market are low, firms will tend to earn zero economic profit in the long run because a. profit-seeking entrepreneurs will not enter a market when entry barriers are low. b. short-run profit attracts additional suppliers and drives down the market price. c. consumers will refuse to pay more than the cost of producing a good once they find out the producer's per-unit costs. d. low entry barriers lead to rising costs

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