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If firms in a perfectly competitive industry are earning positive economic profits in the short run, we would expect firms to enter this industry and

If firms in a perfectly competitive industry are earning positive economic profits in the short run, we would expect firms to enter this industry and cause the market supply curve to

a-shift right untilprice =minimum average variable cost

B-shift right until price =minimum average total cost

C-shift left until price =minimum average variable cost

D- shift left until price = minimum average total cost

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