The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

Question

Why do a firm's profit disappear in the long run?

Answer 1

Question

Chapter 24, Problem 13E

To determine

To explain:

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

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Why do a firm's profit disappear in the long run?

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Answer 2

Question

Chapter 24, Problem 13E

To determine

To explain:

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

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Answer 3

Question

Chapter 24, Problem 13E

To determine

To explain:

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

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Answer 4

Question

Chapter 24, Problem 13E

To determine

To explain:

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

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Answer 5

Chapter 24, Problem 13E

To determine

To explain:

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

Answer 6

Chapter 24, Problem 13E

To determine

To explain:

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

Answer 7

Chapter 24, Problem 13E

To determine

To explain:

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

Answer 8

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Answer 19

Ch. 24 - Prob. 1E Ch. 24 - Prob. 2E Ch. 24 - Prob. 3E Ch. 24 - Prob. 4E Ch. 24 - Prob. 5E Ch. 24 - Prob. 6E Ch. 24 - Prob. 7E Ch. 24 - Prob. 8E Ch. 24 - Prob. 9E Ch. 24 - Prob. 10E

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

Solution Summary: The author explains that entry and exit of firms occur in the long run and not in short run.

To explain:

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

Chapter 24 Solutions

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

Solution Summary: The author explains that entry and exit of firms occur in the long run and not in short run.

To explain: The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

Chapter 24 Solutions

To explain:

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.