Explain the competitive process when a firm earns a positive economic profit.

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Managerial Economics Markets and the Firm

ISBN: 978-0618988624

2nd edition

Authors: William Boyes

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Question Posted: Sep 27, 2014 06:15 AM

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Explain the competitive process when a firm earns a positive economic profit.

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New firms enter the market attracted to the economic profits As entry occurs ...View the full answer

Managerial Economics Markets and the Firm

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