Which of the following statements is correct? A. Economic profits induce firms to O B.Economic profits induce firms to enter an industry; losses encourage O C. Economic profits and losses have no O D.Normal profits will significant impact on the growth or decline of an industry leave an industry; profits encourage firms to leave firms to leave cause an industry to expand

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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QUESTION 2
1 points
Which of the following statements is correct?
A. Economic profits induce firms to
leave an industry; profits encourage
B. Economic profits induce firms to
O C. Economic profits and losses have no
D.Normal
enter an industry; losses encourage
significant impact on the growth or
decline of an industry
profits will
firms to leave
firms to leave
cause an
industry to
еxpand
Transcribed Image Text:QUESTION 2 1 points Which of the following statements is correct? A. Economic profits induce firms to leave an industry; profits encourage B. Economic profits induce firms to O C. Economic profits and losses have no D.Normal enter an industry; losses encourage significant impact on the growth or decline of an industry profits will firms to leave firms to leave cause an industry to еxpand
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