Question
Positive economic profits exist within an industry. Which of the following statements are true? A.There is incentive for additional firms and economic resources to enter
Positive economic profits exist within an industry. Which of the following statements are true?
A.There is incentive for additional firms and economic resources to enter into this industry.
- B.Companies in the industry are earning profits and returns on investment that are above the normal level.
- C.Both a and b
- D.Neither a nor b
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
