Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If some firms in the industry make an economic profit, then Select one: OA. the industry must be an oligopoly. OB. the firms must practice

If some firms in the industry make an economic profit, then Select one: OA. the industry must be an oligopoly. OB. the firms must practice product differentiation. OC. the industry must be monopolistically competitive. OD. the industry cannot be perfectly competitive. O E. rival firms will enter if there are no barriers to entry

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Acca Financial Reporting

Authors: BPP Learning Media

1st Edition

1509784888, 978-1509784882

More Books

Students also viewed these Accounting questions

Question

1. Diagnose and solve a transfer of training problem.

Answered: 1 week ago