History, 15.04.2020 03:34, adiafloresp2dkbx
19. Smokey's Smoke Detectors, Inc. operates in a perfectly competitive market for smoke alarms. Smokey
is currently earning short-run positive economic profits. Which of the following statements best
describes what Smokey will experience as the industry adjusts to the long-run equilibrium in a constant
cost industry?
A. Firms will enter the industry, market price will decrease, economic profits will increase
B. Firms will enter the industry, market price will decrease, economic profits will decrease
C. Firms will exit the industry, market price will decrease, economic profits will increase
D. Firms will exit the industry, market price will increase, economic profits will decrease
E. Firms will exit the industry, market price will increase, economic profits will increase
Answers: 1
History, 21.06.2019 17:50, lolz55678
Which of the following was an effect of allied defeats and high casualty rates on the eastern front? the united states issued the fourteen points. russia entered the war on the allied side. the united states entered the war sooner. russia experienced a revolution and dropped out of the war.
Answers: 3
History, 22.06.2019 11:00, ronalescobar2002
How was the age discrimination in employment act amended in 1986?
Answers: 2
19. Smokey's Smoke Detectors, Inc. operates in a perfectly competitive market for smoke alarms. Smok...
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