There are one thousand identical firms in a price-taker industry. In the short run, total revenues of each firm exceed total costs. What will happen in the long run?
A、Nothing,becauseeachfirmisalreadymaximizingitsprofits.
B、Manyfirmswillenterthemarketandeachfirmwilleventuallyoperateataloss.
C、Additionalfirmswillenterthemarketandpricewillbedrivendowntowhereeachfirmwillbemakingjustenoughtostayinbusiness.
D、Additionalfirmswillenterthemarket,butthepricewillremainthesamebecausetheexistingfirmswillnotallowpricetodecrease.
发布时间:2024-09-25 20:39:58