What happens to economic profits in a competitive market in the long run? They decrease as new firms enter an ultimately

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

What happens to economic profits in a competitive market in the long run? They decrease as new firms enter an ultimately

Post by answerhappygod »

What Happens To Economic Profits In A Competitive Market In The Long Run They Decrease As New Firms Enter An Ultimately 1
What Happens To Economic Profits In A Competitive Market In The Long Run They Decrease As New Firms Enter An Ultimately 1 (19.55 KiB) Viewed 10 times
What happens to economic profits in a competitive market in the long run? They decrease as new firms enter an ultimately go to zero. The stay the same as long as their is competition. None of the above. They increase over time.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”