35. Why will profits for firms in a perfectly competitive industry tend to vanish in the long...

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35. Why will profits for firms in a perfectly competitive industry tend to vanish in the long run?

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Principles Of Microeconomics 2e By OpenStax

ISBN: 9781947172340

2nd Edition

Authors: OpenStax

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Question Posted: Nov 06, 2024 03:01 AM

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35. Why will profits for firms in a perfectly competitive industry tend to vanish in the long run?
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34. Many firms in the United States file for bankruptcy every year, yet they still continue operating. Why would they do this instead of completely shutting down?
36. Why will losses for firms in a perfectly competitive industry tend to vanish in the long run?
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35. Why will profits for firms in a perfectly competitive industry tend to vanish in the long...

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Principles Of Microeconomics 2e By OpenStax

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