New investors are not attracted to an industry and current ones are not exiting the industry if firms in the industry are
A. suffering an economic loss.
B. earning an economic profit.
C. earning an accounting profit.
D. breaking even.
Answer: D
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What is meant by the concentration of an industry? How is concentration measured? What are likely causes of high concentration?
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By how much does the real, bilateral exchange rate change when the nominal, bilateral exchange rate changes from $1.10/€ to $1.00/€, the U.S. tradable basket from $500 to $600 and the Euro-Area tradable basket from €550 to €580?
a. The real exchange rate rises approximately by 18%. b. The real exchange rate falls approximately by 3% c. The real exchange rate rises approximately by 3% d. The real exchange rate falls approximately by 20% e. The real exchange rate falls approximately by 18%
Refer to the information provided in Table 14.6 below to answer the question that follows. Table 14.6B's Strategy ?AdvertiseDon't Advertise??A's profit $150 millionA's profit $400 million?AdvertiseB's profit $150 millionB's profit $100 millionA's Strategy????Don'tA's profit $100 millionA's profit $200 million?AdvertiseB's profit $400 millionB's profit $200 millionRefer to Table 14.6. Firm A?s dominant strategy is
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