If a firm in a perfectly competitive industry is experiencing higher than normal returns, in the long-run
A. Some firms will leave the industry and price will rise
B. Some firms will enter the industry and price will rise
C. Some firms will leave the industry and price will fall
D. Some firms will enter the industry and price will fall

Question

04-07-2024
Business

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If a firm in a perfectly competitive industry is experiencing higher than normal returns, in the long-run
A. Some firms will leave the industry and price will rise
B. Some firms will enter the industry and price will rise
C. Some firms will leave the industry and price will fall
D. Some firms will enter the industry and price will fall

Sagot :

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