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If the market price rises above $13, the firm will earn positive economic profits in the short run. negative economic profits in the short run
If the market price rises above $13, the firm will earn positive economic profits in the short run. negative economic profits in the short run but remain in business. negative economic profits and shut down. zero economic profits in the short run
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
