In a perfectly competitive industry, if firms are making profits _____, which will result in zero profits

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In a perfectly competitive industry, if firms are making profits _____, which will result in zero profits in the long run__________; if there are losses in the short run, , resulting in zero profits (and losses) in the long run.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:00 AM

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In a perfectly competitive industry, if firms are making profits _____, which will result in zero profits

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Microeconomics

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