Business, 23.04.2021 21:00 pg67891012345
If firms in a monopolistically competitive industry are earning economic profits, then in the long run Group of answer choices new firms producing the exact same product will enter the industry and this entry will continue until economic profits are eliminated. these firms can continue earning economic profits because entry into the industry is blocked. new firms producing close substitutes will enter the industry and this entry will continue until economic profits are eliminated. the government will most likely regulate firms in this industry to reduce these economic profits.
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Business, 22.06.2019 18:50
)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs
Answers: 1
Business, 23.06.2019 02:00
Donna and gary are involved in an automobile accident. gary initiates a lawsuit against donna by filing a complaint. if donna files a motion to dismiss, she is asserting that
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Business, 23.06.2019 21:40
Amarketing rep must also contemplate or where and how his concept is delivered to consumers.
Answers: 1
If firms in a monopolistically competitive industry are earning economic profits, then in the long r...
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