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If profits are positive in the short run in a perfectly competitive industry, which of the following would you NOT expect to happen as the
If profits are positive in the short run in a perfectly competitive industry, which of the following would you NOT expect to happen as the market moves to the long run? Select one: o g, Profits of each firm will rise Ob- Firms will exit the industry o c. Total market output will rise Od- The market output will rise
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