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Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800 Exercise 8
If the firms in a competitive industry are earning profits, in the long run new firms will ___________ But if most firms are losing money, then in the long run some of the firms will ___________.
Explanation
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Firms in perfect competition do not have...
Economics 11th Edition by Stephen Slavin
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