If firms in a monopolistically competitive industry are making economic profits:
a. firms will likely be subject to regulation.
b. barriers to entry will be strengthened
c. new firms will enter the market.
d. some firms must exit the market.
c
Economics
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The amount earned by owners of the nation's factors of production is
A) total income. B) private and government transfer payments. C) the wages and fringe benefits received by the nation's workers. D) all profits received by businesses.
Economics
Good A and good B are substitutes in production. The demand for good A increases so that the price of good A rises. The increase in the price of good A shifts the
A) demand curve for good B leftward. B) demand curve for good B rightward. C) supply curve of good B leftward. D) supply curve of good B rightward.
Economics