Suppose Good A belongs to a market where the firms earn zero economic profits in the long-run and entry of new firms will result in price changes that operate through shifts in the market supply curve for Good A. Which market structure does Good A belong to?
A.The oligopolistic market with homogenous products.
B.The oligopolistic market with differentiated products.
C.The perfectly competitive market.
D.The monopolistic competitive market.

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01-07-2024
Business

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Suppose Good A belongs to a market where the firms earn zero economic profits in the long-run and entry of new firms will result in price changes that operate through shifts in the market supply curve for Good A. Which market structure does Good A belong to?
A.The oligopolistic market with homogenous products.
B.The oligopolistic market with differentiated products.
C.The perfectly competitive market.
D.The monopolistic competitive market.

Sagot :

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