In the figure above, the market for jackets ________ in long-run equilibrium, and there is ________ for new firms to enter
A) is; no incentive
B) is; an incentive
C) is not; an incentive
D) is not; no incentive
A
Economics
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Refer to Figure 24-2. Ceteris paribus, an increase in the capital stock would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
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Entry drives economic profits to zero
Indicate whether the statement is true or false
Economics