You could conclude that
A. new firms will enter the industry.
B. existing firms will leave the industry.
C. the industry is in the long run.
D. it is unclear whether the industry is in the short run or the long run.
A. new firms will enter the industry.
Economics
You might also like to view...
Assume the economy is operating at a real GDP above full-employment real GDP. Classical economists would prescribe which of the following policies?
A. nonintervention B. active monetary policy C. contractionary D. expansionary
Economics
Unions will be more effective at raising wages when it is difficult for nonunion competitors to enter the industry.
Answer the following statement true (T) or false (F)
Economics