i need this in wordsnot handwrittenJust Rewrite it (b) Since the feins earn Zerothere will beand theno new entréesseins would also leaveexisting finsprofitthere will no be noНеисеийfeius uew this SudustryLongSuice there will be noJudustry bethe Supricein theве хелоwillwill also be zeroproduction.in theieuseen thuslong and quantitybecause of nofeines

An industry is formed by a group of firms producing unique products. The profit level from the…

profit (b) Since the feins earn Zero there will be no new entries and the feins would also leave there will no be no existing five firms in this Sudustry Long in the Run. will be no feires with the song reen them and Suice there will be no the shall be zero price will will also be zero because of no production.

profit (b) Since the feins earn Zero there will be no new entries and the feins would also leave there will no be no existing five firms in this Sudustry Long in the Run. will be no feires with the song reen them and Suice there will be no the shall be zero price will will also be zero because of no production.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 6PA

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