If firms are making positive economic profits in the short run,then in the long run:

Name: If firms are making positive economic profits in the short run,then in the long run:
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When firms in an industry are making positive economic profits, it attracts new firms into the industry because they are attracted by the opportunity to earn profits. This entry of new firms increases the industry's output and typically leads to a decrease in prices until economic profits are normalized (i.e., reduced to zero).

If Firms Are Making Positive Economic Profits in the Short