If firms in an industry earn zero profit, other firms would like to enter this market.
举一反三
- If firms in an industry enjoy positive profits, 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:
- 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
- In monopolistically competitive markets, free entry and exit suggests that A: the market structure will eventually be characterized by perfect competition in the long run. B: all firms earn zero economic profits in the long run. C: some firms will be able to earn economic profits in the long run. D: some firms will be forced to incur economic losses in the long run.