When there are barriers to entry in a market, which of the following is true? An

Question

When there are barriers to entry in a market, which of the following is true? Answer Existing firms will always make positive economic profit in the long run.   Economic profit can be lowered to zero if suppliers of inputs collect economic rent. Economic profit could stay above zero for a long time. Both B and C When there are barriers to entry in a market, which of the following is true? When there are barriers to entry in a market, which of the following is true? When there are barriers to entry in a market, which of the following is true? Existing firms will always make positive economic profit in the long run.   Economic profit can be lowered to zero if suppliers of inputs collect economic rent. Economic profit can be lowered to zero if suppliers of inputs collect economic rent. Economic profit could stay above zero for a long time. Economic profit could stay above zero for a long time. Both B and C Both B and C Existing firms will always make positive economic profit in the long run.   Economic profit can be lowered to zero if suppliers of inputs collect economic rent. Economic profit could stay above zero for a long time. Both B and C

Explanation / Answer

Both B and C

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