2 If the firms in a competitive industry earn an economic profit, what happens to the industry...

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2 If the firms in a competitive industry earn an economic profit, what happens to the industry supply, the market price, the firm’s output, the number of firms and economic profit?

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Economics

ISBN: 9781509540235

6th Edition

Authors: Michael Parkin, Melanie Powell, Kent Matthews

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Question Posted: Nov 05, 2024 06:00 AM

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2 If the firms in a competitive industry earn an economic profit, what happens to the industry supply, the market price, the firms output, the number of firms and economic profit?
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2 If the firms in a competitive industry earn an economic profit, what happens to the industry...

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Economics

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