In a competitive industry buffeted by demand and supply shocks, prices increase and decrease, but economic profits tend to revert to zero. Hence, profits are exhibiting

a. Above-average return
b. Positive earnings
c. Mean reversion
d. None of the above

c

Economics

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Federal government expenditures in the United States comprise about _____ of total government expenditures

a. 90 percent b. 75 percent c. 60 percent d. 45 percent

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Why do higher real interest rates lead to lower net capital outflow?

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