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Firms will not have both relatively high profit margins and total asset turnover for long periods of time because: Question 5 options: a) if both
Firms will not have both relatively high profit margins and total asset turnover for long periods of time because: Question 5 options: a) if both variables are relatively high, more firms will be attracted into the industry, which will result in lower profit margins. b) excess economic profits will result (until equilibrium is restored). c) high profit margins result in inefficiency. d) a and b. e) a and c
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