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Will the change in the number of firms affect the two that earn $ 2 2 for every $ 2 0 0 invested? multiple choice
Will the change in the number of firms affect the two that earn $ for every $ invested?
multiple choice
Yes, because those two firms can claim a larger market share.
No because those two firms are too small.
Yes, because those exiting firms will spread their technology.
No because the exiting firms didn't belong in the industry.
What will be the rate of return earned by most firms in the industry in longrun equilibrium?
percent
If firms can copy each other's technology, what will be the rate of return eventually earned by all firms?
percent
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