If perfectly competitive firms are making an economic profit,then
A) the market must be in long-run equilibrium but cannot be in a short-run equilibrium.
B) some firms will exit the market.
C) new firms will enter the market.
D) the market might be in a long-run equilibrium but not a short-run equilibrium.
E) the market cannot be in either a short-run or a long-run equilibrium.
Correct Answer:
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