Why do firms enter an industry when they know that in the long run economic profit will

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Why do firms enter an industry when they know that in the long run economic profit will be zero?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:23 AM

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Why do firms enter an industry when they know that in the long run economic profit will

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Firms enter an industry when they expect to earn economic p...View the full answer

Microeconomics

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