Question
In the long run, the economic profits in a monopolistically competitive industry tend to go towards zero.What is the main reason for this is _____________
In the long run, the economic profits in a monopolistically competitive industry tend to go towards zero.What is the main reason for this is _____________
Group of answer choices
differentiated products
diseconomies of scale
increased regulatory pressure on profitable firms
free entry
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Granularity Theory With Applications To Finance And Insurance
Authors: Patrick Gagliardini, Christian Gourieroux, Christian Gouriéroux
1st Edition
1316057135, 9781316057131
