If perfectly competitive firms are making an economic profit,the economic profit
A) attracts entry by more firms, which lowers the price.
B) can be earned both in the short run and the long run.
C) is less than the normal profit.
D) leads to a decrease in market demand.
E) generally leads to firms exiting as they seek higher profit in other markets.
Correct Answer:
Verified
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A) usually requires an investment in
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A) shifts
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