True or False: as long as the fixed entry cost FC . 0, firms in the industry
Question:
True or False: as long as the fixed entry cost FC . 0, firms in the industry will make positive profits while firms outside the industry would make negative profits by entering the industry.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
Question Posted: