When a firm is earning a profit in the short run, what is the likely response from other firms in the industry? | Fiveable

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When a firm is earning a profit in the short run, what is the likely response from other firms in the industry?

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AP Microeconomics - 3.6 Firms' Short-Run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market

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About Us

About Fiveable Blog Careers Code of Conduct Terms of Use Privacy Policy CCPA Privacy Policy

Resources

Cram Mode AP Score Calculators Study Guides Practice Quizzes Glossary Cram Events Merch Shop Crisis Text Line Help Center

© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.