Which of the following is least likely to occur during the long run in a perfectly competitive market experiencing economic profits?

Name: Which of the following is least likely to occur during the long run in a perfectly competitive market experiencing economic profits?
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

In the long run, economic profits attract new firms to the market, increasing supply and driving prices down. Marginal revenue, which equals price in perfect competition, will decrease as the market price falls.

Which of the Following Is Least Likely to Occur During