Entry and exit of firms occur in the long run, but not in the short run. Why?

Question:

Entry and exit of firms occur in the long run, but not in the short run. Why? What is meant by the long run and the short run? Would you say that entry is more or less difficult than exit?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

See More Books

Question Posted: Apr 23, 2024 08:40 AM

See More Questions

Assuming a baryontophoton ratio 61 10, at what temperature will there be one ionising photon, with 136 , per baryon Hint, the result of Rydens Exercise 25 will be useful Is the temperature you...
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
Portray in words what transforms you would have to make to your execution to some degree (a) to accomplish this and remark on the benefits and detriments of this thought.You are approached to compose...
The following table describes a randomized trial comparing an experimental medication to a placebo for treatment of reflux. Experimental Treatment Placebo (n = 100) Patient Characteristics (n = 100)...
A stock has an expected return of 13.5 percent, its beta is 1.17, and the risk-free rate is 5.5 percent. What must the expected return on the market be?
Forty-six percent of employees worry about being judged by coworkers for something they have posted on social media.38 Social networking websites can be fun. Staying in touch with old friends or...
On January 1,2009, Allan Company bought a 15 percent interest in Sysinger Company. The acqui sition price of $184,500 reflected an assessment that all of Sysingers accounts were fairly valued within...
Kiel Centers sales are all made on account. The firms collection experience has been that 35% of a months sales are collected in the month the sale is made, 55% are collected in the month following...
Question 1 (a) You are a clerk to the management accountant in a manufacturing company. Classify for your production supervisor, each of the following as being usually fixed, variable, semi-fixed or...
About 85 percent of the soup sold in the United States is Campbells brand. Is Campbell Soup Company a monopoly firm?
In exercise 16, explain why this illustrates gains from trade and what the gains mean for consumers and for producers. Data from in exercise 16 Draw a demand and supply diagram and illustrate what...
Concord Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, 2008, purchases invoices during the year, and the inventory count at December 31,...
Design a clocked D flip-flop, using a modified ECL circuit design, such that the output becomes valid on the negative-going edge of the clock signal.
An L2 steel strap having a thickness of 0.125 in. and a width of $2 \mathrm{in}$. is bent into a circular arc of radius $600 \mathrm{in}$. Determine the maximum bending stress in the strap.
Cars traveling from Canada to the United States through the Thousand Islands Border Crossing must stop for US Customs and Immigration. During the stop, each passenger in the car must present a...
Gasoline is pumped through a 2 in. sch 40 pipeline upward into an elevated storage tank at $60^{\circ} \mathrm{F}$. An orifice meter is mounted in a vertical section of the line, which uses a DP cell...
Change the recurring costs in Problem and Exercise 3 to $40,000 and redo the analysis. Problem and Exercise 3 Assume you are put in charge of launching a new website for a local nonprofit...
A proton is traveling at a speed of 0.55c. What are its (a) Total energy, (b) Kinetic energy, and (c) Momentum?
Players A, B, and C toss a fair coin in order. The first to throw a head wins. What are their respective chances of winning?
A firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8....
5. Which of the following is the cheapest for a borrower? a. 6.7% annual money market basis b. 6.7% semi-annual money market basis c. 6.7% annual bond basis d. 6.7% semi-annual bond basis.
Waterloo Industries pays 30 percent corporate income taxes, and its after-tax MARR is 24 percent. A project has a before-tax IRR of 26 percent. Should the project be approved? What would your...

Entry and exit of firms occur in the long run, but not in the short run. Why?

Question:

Step by Step Answer:

In economics the concepts of short run and long run refer to different time horizons over which firm...View the full answer

Economics

Students also viewed these Business questions