Which of the following is true about the long run in a compe industry? There are more firms operating in the long run than in the short firms have more time to enter the industry. O Yearly profits are lower in the long run than in the short run.

Which of the following is true about the long run in a compe industry? There are more firms operating in the long run than in the short firms have more time to enter the industry. O Yearly profits are lower in the long run than in the short 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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