What type of industry has the characteristics where there are many producers, they are able to differentiate their product, the barriers to entry are low, and a firm in the industry has the ability to...

What type of industry has the characteristics where there are many producers, they are able to differentiate their<br>product, the barriers to entry are low, and a firm in the industry has the ability to manipulate price to a certain<br>extent.<br>What type of industry is this? Will this type of industry be able to enjoy profits in the long run? Why? Also is<br>this firm producing at productivity and allocative efficiency? Why?<br>

Extracted text: What type of industry has the characteristics where there are many producers, they are able to differentiate their product, the barriers to entry are low, and a firm in the industry has the ability to manipulate price to a certain extent. What type of industry is this? Will this type of industry be able to enjoy profits in the long run? Why? Also is this firm producing at productivity and allocative efficiency? Why?

Jun 08, 2022

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What type of industry has the characteristics where there are many producers, they are able to differentiate their product, the barriers to entry are low, and a firm in the industry has the ability to...

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