question archive The main reasons firms in a competitive market cannot earn positive profits in the long run are:1
The main reasons firms in a competitive market cannot earn positive profits in the long run are:1
Subject:EconomicsPrice: Bought3
The main reasons firms in a competitive market cannot earn positive profits in the long run are:1. assets can quickly move in and out of the industry when demand fluctuates.2. an increase in demand leads to entry of firms which absorb the extra demand.3. decrease in demand leads to exit of firms from the market such that there is no surplus.4. all of the above.
