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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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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