Which of the following statements is correct? (A) Normal profits will cause an industry to expand. (B) Economic profits and losses have no significant impact on the growth or decline of an industry. (C) Economic profits induce firms to leave an industry; profits encourage firms to leave. (D) Economic profits induce firms to enter an industry; losses
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following statements is correct? (A) Normal profits will cause an industry to expand. (B) Economic profits and losses have no ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Which of the following statements is correct? (A) Normal profits will cause an industry to expand. (B) Economic profits and losses have no significant impact on the growth or decline of an industry.