Firms in a perfectly competitive industry are earning an economic profit.
-After long-run competitive equilibrium comes about there will be ___________ (fewer, more, the same number of) firms in the industry and the industry will produce __________ (less, more, the same amount of) output.

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The Answer of Firms in a perfectly competitive industry are earning an economic profit.
-After long-run competitive equilibrium comes about there will be ___________ (fewer, more, the same number of) firms in the industry and the industry will produce __________ (less, more, the same amount of) output.

Firms in a Perfectly Competitive Industry Are Earning an Economic