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23) In a competitive market, earning an economic profit in the long run is extremely difficult. This difficulty is greatly seen in the Apple iPhone
23) In a competitive market, earning an economic profit in the long run is extremely difficult. This difficulty is greatly seen in the Apple iPhone App market. The long run for this market is quite short due to:
A) the release of Samsung's Galaxy S.B) the huge demand for apps on the iPhone.
C) the ease of entry to the market.D) Apple's corporate governance structure.
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