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WhatThePhuc · 10-23-2009

here's one:
long run price and output under perfect competition

contrary to what you think, in long run equilibrium, there's no incentive for sellers to leave or enter
because they're earning normal profits

10-23-2009	#29 (permalink)
WhatThePhuc STEP Awards Join Date: Jun 2008 Location: San Diego, California Posts: 4,386 Blog Entries: 10 iTrader: (0) IGN: Phuc Tran Class: Visual Arts Major Level: 23 Guild: University of California, San Diego	here's one: long run price and output under perfect competition contrary to what you think, in long run equilibrium, there's no incentive for sellers to leave or enter because they're earning normal profits __________________