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As firms enter a perfectly competitive industry, Question options: A) the price falls and the existing firms' economic profits do not change. B) the price

As firms enter a perfectly competitive industry,

Question options:

A) the price falls and the existing firms' economic profits do not change.

B) the price falls and the existing firms' economic profits decrease.

C) the price falls and the existing firms' economic losses do not change.

D) the price rises and the existing firms' economic profits decrease.

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