If firms in an industry enjoy positive profits, other firms would like to enter this market.
举一反三
- If firms in an industry earn zero profit, other firms would like to enter this market.
- Any brand can create barriers of entry to make it hard for other firms to enter the market.
- The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is:
- Competition among firms in an industry can lower prices and profits
- In perfect competition, ________. A: there are restrictions on entry into the market B: firms in the market have advantages over firms that plan to enter the market C: only firms know their competitors' prices D: there are many firms that sell identical products