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A perfect competitor can reap an economic profit in the short run but not in the long run. True False
A perfect competitor can reap an economic profit in the short run but not in the long run.
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False
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True In the long run a firm is free to adjust all of its inputs New fir...
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
