id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
absel-2418	Gold, Steven C.; Strang, Daniel R.	The Success of a Computerized Simulation in Microeconomic Pedagogy	1981	4	.pdf	application/pdf	3952	167	36	If firms in a competitive system are able to earn excess profits, other firms will enter the industry and by increased competition, tend to erode away the relatively high profits, Under monopoly, the possibility of entry into the market by other firms is assumed away by definition. Firms were permitted to make price decisions, however, the existence of intense competition between sellers was expected to limit any firm from exercising autonomous control over price.	cache/absel-2418.pdf	txt/absel-2418.txt