Asked by
harvir sandhu
on Dec 08, 2024
Verified
Firms cannot enter an industry in which positive profits are being earned in
A) the short run.
B) the long run.
C) the short run and in the long run.
D) As long as positive profits are being earned, firms can enter the industry in both the short run and the long run.
Short Run
A period in which at least one of a firm's inputs is fixed, limiting the firm’s ability to increase production.
Industry Entry
The act of beginning or entering into a specific market or field of business.
- Comprehend the processes of business initiation and cessation in both short-term and long-term perspectives.
Verified Answer
DB
Learning Objectives
- Comprehend the processes of business initiation and cessation in both short-term and long-term perspectives.
Related questions
An Economist Is Studying the Pricing Behavior of Las Vegas ...
In the Short Run, Firms Can Enter an Industry but ...
(Consider This)An Unprofitable Motel Will Stay Open in the Short ...
(Consider This)An Otherwise Unprofitable Motel Located on a Largely Abandoned ...
In the Short Run,a Competitive Firm Will Always Choose to ...