Problem
Since price searchers can set their prices, does this mean that their prices are unaffected by market conditions? In price-searcher markets with low barriers to entry, will the firms be able to make economic profit in the long run? Why or why not? What do competitive price searchers have to do to make economic profit?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.