Quèstion 28The period of time for which firms can neither enter nor exit an industryO Long RunO Short-RunWhen firms has no fixed factors of productionsO When firms has no fixed cost

Option B In the short run, firms are not flexible enough which would allow them to enter or exit an…

Answered: The period of time for which firms can…

The period of time for which firms can neither enter nor exit an industry O Long Run O Short-Run O When firms has no fixed factors of productions O When firms has no fixed cost

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 30CTQ: Small Mom and Pop firms, like inner city grocery stores, sometimes exist even though they do not...

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