A permanent increase in demand ________ economic profit in the short run and some firms will ________

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A permanent increase in demand ________ economic profit in the short run and some firms will ________ in the long run.

A. does not change; exit the market B. increases; enter the market C. increases; raise their price D. does not change; advertise their good

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Essential Foundations Of Economics

ISBN: 9781786633255

8th Edition

Authors: Robin Bade, Michael Parkin

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