Answered

A manufacturer would likely make an ___________ in a market following the long-run process of beginning and expanding production in response to ________________ .

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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