If economic profits are earned in a competitive market,then over time

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In a competitive market, the presence of economic profits indicates that firms are earning more than what is necessary to cover their costs of production. This attracts new firms to enter the market, hoping to earn profits as well. As the number of firms in the market increases, the market supply curve shifts to the right, which puts downward pressure on prices. Eventually, the economic profits are competed away, and firms are left earning only a normal profit.

If Economic Profits Are Earned in a Competitive Market,then Over