If a market has few barriers to entry and many firms, how might firms still have positive

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If a market has few barriers to entry and many firms, how might firms still have positive economic profit? Describe a strategy a firm in this type of market might use to maintain economic profits.

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Sep 21, 2024 06:02 AM

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If a market has few barriers to entry and many firms, how might firms still have positive economic profit? Describe a strategy a firm in this type of market might use to maintain economic profits.
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If a market has few barriers to entry and many firms, how might firms still have positive

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Microeconomics

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