Explain how it is possible for a firm in perfect competition to earn abnormal profits in the

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Explain how it is possible for a firm in perfect competition to earn abnormal profits in the short run.

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Economics Course Book 2020

ISBN: 9781382004961

2020 Edition

Authors: Jocelyn Blink, Ian Dorton

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Question Posted: Feb 17, 2024 02:00 AM

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Explain how it is possible for a firm in perfect competition to earn abnormal profits in the

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ANSWER A perfectly competitive market structure is a theoretical model that serves as a benchmark for understanding how markets operate when certain c...View the full answer

Economics Course Book 2020

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