The Market for Micro-Computers (PCs) Is Fairly Competitive, the Products

The market for micro-computers (PCs) is fairly competitive, the products are somewhat homogeneous, and, over time, firms have entered looking to make profits on new configurations of the micro-computer. Over time, profits:

A) have risen dramatically.
B) have stayed about the same for most firms.
C) have become razor thin for many producers.
D) are not important since this industry is in the nonprofit sector.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free