32) A monopolistically competitive industry that earms economic profits in the short run willA) experience a rise in demand in the long run.B experience the entry of new rival firma into the industry in the long run.O continue to eam economic profits in the long run.D) experience the exit of existing firms out of the industry in the long run.

Economic profit is the difference between the revenue earned from the sale of products and…

Amonpoltically competitive industry that eams ecmmic peofits in the shot un will Al eperience a eperimor the etry of new rival fime inte the industry in the long run O continue t Deperiemor the eit of existing and in the long nun economic in the lon dustry long run

Amonpoltically competitive industry that eams ecmmic peofits in the shot un will Al eperience a eperimor the etry of new rival fime inte the industry in the long run O continue t Deperiemor the eit of existing and in the long nun economic in the lon dustry long run

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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