Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn

Exercise 1

ENTRY AND EXIT OF FIRMS-WHERE HAVE THEY OCCURRED Go to the Census Bureau Web site at www.census.gov and select Economic Census, then Comparative Statistics, and then Manufacturing (More data). Identify three manufacturing industries that experienced large percentage increases in the number of firms between 1997 and 2002. Identify three manufacturing industries that experienced large percentage decreases. What single factor is the most likely cause of the entry and exit differences between your two groups Explain.