The entry of new firms into a perfectly competitive market in the long run is most likely the result of
A) temporarily above-normal profit,despite the presence of barriers to entry
B) continued above-normal profit,despite the presence of barriers to entry
C) temporarily above-normal profit,combined with the absence of barriers to entry
D) continued above-normal profit,combined with the absence of barriers to entry
E) either temporarily or continued above-normal profit,despite the presence of barriers to entry
Correct Answer:
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