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If an industry is showing a 5 percent rate of return in terms of Economics Profits, then no other firms will enter into this market

If an industry is showing a 5 percent rate of return in terms of Economics Profits, then no other firms will enter into this market because standard microeconomic theory clearly tells us that a minimum Economic Profit of at least 10 percent should exist before any firm would want to enter the industry. true and false

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