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What economic forces result in the dissipation of economic profits earned by manufacturers of UHDTVs? Part 5 A. Positive profits induce new firms to enter
What economic forces result in the dissipation of economic profits earned by manufacturers of UHDTVs? Part 5 A. Positive profits induce new firms to enter the market causing existing firms' demand to fall, which lowers prices toward average total cost. B. Positive profits induce new firms to enter the market causing existing firms' demand to fall, which lowers prices toward average variable cost. C. Positive profits induce new firms to enter the market causing existing firms' demand to increase, which lowers prices toward average total cost. D. Positive profits induce new firms to enter the market causing existing firms' demand to increase, which lowers prices toward average variable cost.The fact that a monopolistically competitive firm does not produce at the minimum ATC can be viewed as the cost of generating Part 2 A. homogeneous products. B. economies of scale. C. product differentiation and variety. D. All of the above
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