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Use the table below to answer the following question. Table 13.2.1 Refe...
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Use the table below to answer the following question.
Refer to Table 13.2.1. Sara is a dot.com entrepreneur who sells sweatshirts. She pays $1,000 a week for her Web server and Internet connection. She pays the firm that makes the sweatshirts $20 a sweatshirt. Sara has no other costs. The table sets out the demand schedule for Sara's sweatshirts. Other firms ________ enter the Web sweatshirt business and compete with Sara. In the long run, the demand for Sara's sweatshirts ________ and her economic profit ________.
Table 13.2.1
| Price(dollars per sweatshirt) | Quantity demanded(sweatshirts per week) |
| 0 | 100 |
| 20 | 80 |
| 40 | 60 |
| 60 | 40 |
| 80 | 20 |
| 100 | 0 |
0%
0%
0%
0%
100%