QUESTION 8In the long run, firms will expand as long as there are more.O economies of scale; zero profitsO diseconomies of scale; zero profitsO economies of scale; positive economic profitsO diseconomies of scale; positive economic profitsand new firms will enter the industry as long as they earn.

Economies of scale refer to cost advantages that arise when the scale of production increases. As…

Answered: run, firms will expand as long as there…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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run, firms will expand as long as there are more. ies of scale; zero profits omies of scale; zero profits ies of scale; positive economic profits omies of scale; positive economic profits and new firms will enter the industry as lon