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If there are positive profits in a perfectly competitive industry: If there are positive profits in a perfectly competitive industry: Firms will enter the industry,
If there are positive profits in a perfectly competitive industry: If there are positive profits in a perfectly competitive industry: Firms will enter the industry, driving down prices and profits None of the other answers are correct Firms will only enter the industry if profits are significantly greater than 0 Firms will enter the industry, leading to additional profits for firms in the industry
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