If a business in a perfectly competitive market is making a profit in the short run: O It has an incentive to expand existing factories or to build new ones. O It should expect to continue doing so in the long run. O It is guaranteed to make a profit in the long run as well. O It has an incentive to reduce output, causing prices to rise. O All of the above. W

If a business in a perfectly competitive market is making a profit in the short run: It has an incentive to expand existing factories or to build new ones. It should expect to continue doing so in the long run. It is guaranteed to make a profit in the long run as well. It has an incentive to reduce output, causing prices to rise. All of the above