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When Economic Profits Are Positive in a Perfectly Competitive Industry

Question 169

Multiple Choice

When economic profits are positive in a perfectly competitive industry,


A) we would expect the market supply curve to shift to the left as a result.
B) we would expect the market supply curve to shift to the right as a result.
C) we would not expect any change in the market supply curve to result.
D) we would expect that the market demand curve to shift right as a result

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