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If a competitive industry is neither expanding nor contracting, we would expect: more resources to flow to that industry. economic profits to be zero.
If a competitive industry is neither expanding nor contracting, we would expect: more resources to flow to that industry. economic profits to be zero. total revenue to be zero. total opportunity cost to be zero.
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Management Information Systems Managing the Digital Firm
Authors: Ken Laudon, Jane P. Laudon
13th edition
133050696, 978-0133050691
