ANSWER TRUE OR FALSE: No need for long explanation. 1. The long run economic profit will remain positive if there are high barriers to entry.

Managerial Economics: A Problem Solving Approach
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ANSWER TRUE OR FALSE: No need for long explanation. 1. The long run economic profit will remain positive if there are high barriers to entry. 2. The success of a collusive agreement declines with the increase in the number of members. 3. If the Net Present Value of the expansion project is positive, this means that it is advantageous to expand.
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