Economic theory would suggest that the profitability of an, Ask an Expert

Economics

Economic theory would suggest that the profitability of an industry would be

a. Directly related to the number of firms competing in the industry.

b. Inversely related to the number of firms competing in the industry.

c. Unrelated to the number of firms competing in the industry.

d. Zero in the long run, regardless of the market structure.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91422735

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