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If all suppliers in a perfectly competitive market are currently making a profit at the equilibrium market price, what would be expected to happen in
If all suppliers in a perfectly competitive market are currently making a profit at the equilibrium market price, what would be expected to happen in the long run?
Select one:
a.
The equilibrium market price will increase
b.
The market demand curve will shift to the right
c.
The market supply curve will shift to the left
d.
The market demand curve will shift to the left
e.
The equilibrium market price will decrease
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