The existing firms in a perfectly competitive market are currently receiving economic losses. In the long run,

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The existing firms in a perfectly competitive market are currently receiving economic losses. In the long run, firms will (enter, exit)
the market, driving the market price (up, down) and economic profits (up, down). This will continue until firms are receiving profits.

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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