Which of the following indicates an extremely profitable market in the short-run? a. Many more firms leave the market than join it. b. A great many firms rush to join the market. c. The number of firms in the market remains stable. d. A few more firms join market than leave it.
Which of the following indicates an extremely profitable market in the short-run? a. Many more firms leave the market than join it. b. A great many firms rush to join the market. c. The number of firms in the market remains stable. d. A few more firms join market than leave it.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter8: Perfect Competition
Section: Chapter Questions
Problem 30CTQ: Finding a life partner is a complicated process that may take many years. It is hard to think of...
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