hanglossman4104 hanglossman4104
  • 15-11-2022
  • Business
contestada

Lilly is the price-taking owner of an apple orchard. The price of apples is high enough that Lilly is earning positive economic profits In the long run, Lilly should expect _____________ apple prices due to the _________ firms

a. higher, exit of existing
b. lower; entry of new
c. lower; exit of existing
d. higher; entry of new

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