Multiple Choice
If Amazon is successful with its Amazon Go convenience store concept, these Amazon Go convenience stores
A) will likely earn an economic profit in both the short-run and the long-run.
B) may very well earn an economic profit in the short-run, but the profit will likely be competed away in the long-run as other firms enter the industry.
C) will definitely earn an economic profit in the short-run, but will most likely suffer economic losses in the long-run.
D) will likely suffer economic losses in the short-run, but will eventually earn an economic profit in the long-run.
Correct Answer:

Verified
Correct Answer:
Verified
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