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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 42
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...
Microeconomics 9th Edition by Stephen Slavin
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