In perfectly competitive markets, economic profits
A. send a signal to other producers to enter the market.
B. will decrease the industry supply curve.
C. could also be called explicit costs.
D. will increase the industry demand curve.
A. send a signal to other producers to enter the market.
Economics
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Figure 4.4 illustrates the supply of tacos. An increase in the price of ground beef, which is used to make tacos, would most likely cause a movement from
A) point a to point b. B) point c to point b. C) S2 to S1. D) S0 to S1.
Economics
Developing countries have identified which key issues as important to them in current trade talks?
What will be an ideal response?
Economics