True/False
If price is greater than minimum average total cost in a competitive industry, entry occurs.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q59: In economics, firms can enter an industry
Q60: The market demand curve in a competitive
Q61: Which of the following does not need
Q62: All else being constant, when firms leave
Q63: A reduction in capital cost shifts the
Q65: Define the term industry.<br>
Q66: Exhibit 9-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 9-2
Q67: In long-run competitive equilibrium, market price equals
Q68: If an innovation lowers the marginal cost
Q69: In the long-run competitive equilibrium, consumers pay