Use a graph to demonstrate the circumstances that would prevail in a competitive market where firms are earning economic profits.Can this scenario be maintained in the long run
Carefully explain your answer.

Question

Use a graph to demonstrate the circumstances that would prevail in a competitive market where firms are earning economic profits.Can this scenario be maintained in the long run
 Carefully explain your answer.

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The Answer of Use a graph to demonstrate the circumstances that would prevail in a competitive market where firms are earning economic profits.Can this scenario be maintained in the long run
 Carefully explain your answer.

Use a Graph to Demonstrate the Circumstances That Would Prevail