INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi The Firm in Perfectly Competitive Markets soru detayı:

PAYLAŞ:

SORU:
Why do all firms in a particular industry make normal economic profit and in the long-run equilibrium, no producer has an incentive to enter or exit in the long run?

CEVAP:
In the long run, because of free entry and exit, all firms in a particular industry make normal economic profit and in the long-run equilibrium, no producer has an incentive to enter or exit.

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