Suppose that some firms in a perfectly competitive industry are incurring negative economic profits. In the long run, the:

Name: Suppose that some firms in a perfectly competitive industry are incurring negative economic profits. In the long run, the:
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In the long run, firms incurring negative economic profits will exit the industry, leading to a decrease in the number of firms. This adjustment process is part of the market's response to ensure that remaining firms can achieve normal profits.

Suppose That Some Firms in a Perfectly Competitive Industry Are