November 29, 2015

Homework Help: microeconomics

Posted by mimi on Thursday, January 6, 2011 at 12:43pm.

Assume you read in a newspaper that firms who produce baby milk are not doing well due to melamine case. With the theory of perfect competition in mind, what do you expect to happen to the baby milk prices? Will the firms able to make profits in long run?

Answer this Question

First Name:
School Subject:

Related Questions

More Related Questions