In the long run, economic profit is zero and there is no entry or exit. An increase

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In the long run, economic profit is zero and there is no entry or exit.

An increase in demand increases the number of firms and increases the equilibrium quantity.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 12, 2024 04:00 AM

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In the long run, economic profit is zero and there is no entry or exit. An increase

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Foundations Of Microeconomics

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