When perfectly competitive firms are earning zero accounting profits,
a. we would expect entry into the industry
b. we would expect stability in the industry, since it is in long run equilibrium.
c. we would expect exit from the industry.
d. we would expect none of the above.
c
Economics
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ISI policies were brought to an end primarily by
A) their inability to solve the crises of the 1980s. B) authoritarian governments interested in total control over the economy. C) populist politicians. D) the growing perception that they were creating long-term economic inefficiencies. E) Both A and D.
Economics
If no one can be prevented from using good x, then good x is one of two types of goods. What are those two types?
Economics