Answer :
Answer:
A manufacturer would likely make an entry in a market following the long-run process of beginning and expanding production in response to a sustained pattern of profits.
A manufacturer would likely make an entry into a market following the long-run process of beginning and expanding production in response to a sustained pattern of profits.
What is manufacturer market entry?
A manufacturer that enters the market having perfect competition often experiences NO entry barriers. Here, in the short-run profits are high but to maintain this profit in the long run, expansion of production is needed.
Therefore, long-run provides normal profits in a sustained manner to a large number of manufacturers.
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