a. Do you expect other firms to enter the Web sweatshirt business and compete with Sara? b.

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a. Do you expect other firms to enter the Web sweatshirt business and compete with Sara?
b. What happens to the demand for Sara’s sweatshirts in the long run? What happens to Sara’s economic profit in the long run?

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:22 AM

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a. Do you expect other firms to enter the Web sweatshirt business and compete with Sara? b.

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a Sara is making an economic profit so other firms wil...View the full answer

Microeconomics

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