The Profits Earned by Firms in an Industry,are Determined By

Multiple Choice

The profits earned by firms in an industry,are determined by:

A) The intensity of competition among the firms within the industry
B) How much customers value the products supplied by the industry
C) The extent to which the industry is protected by barriers to entry
D) The value of the product tor customers,the intensity of competition,and the relative bargaining powers of producers,their suppliers and their buyers