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KiteInc makes kites in a perfectly competitive industry. The market price of kites is currently $7. KiteInc chooses to manufacture 15,000 kites at a total

KiteInc makes kites in a perfectly competitive industry. The market price of kites is currently $7. KiteInc chooses to manufacture 15,000 kites at a total cost of $120,000. Based on these numbers, new firms will enter the kite industry in the long run." Is this statement true or false. Question 3 options: True False

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