What is the most important determinant of whether or not firms receive economic profits in the long
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What is the most important determinant of whether or not firms receive economic profits in the long run?
■
a. how easy it is for new firms to enter the market ■
b. the size of the firms in a market ■
c. the size of the market overall ■
d. the amount of taxes firm owners pay ■
e. the amount of taxes the firms’ customers pay
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