When a market has barriers to entry,
A) then in the long run it is possible for the firms to incur economic losses.
B) then in the long run the only possible outcome for the firms is zero economic profit.
C) then in the long run it might be possible for the firms to make economic profits.
D) oligopolies cannot be created.
E) the HHI almost always falls below 1,000.
C
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Most Americans believe that families really could get by on the government's definition of minimum needs if they tried hard
Indicate whether the statement is true or false
Explain how deficit spending can benefit future generations
What will be an ideal response?
Until the passage of the Airline Deregulation Act of 1978, the Civil Aeronautics Board controlled all of the following except
A. fares. B. assigned routes. C. profits. D. entry into the industry.
The change in output caused by a one-unit change in labor is referred to as the
A) compounded physical product of labor. B) average product of labor. C) marginal product of labor. D) total product of labor.