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Moe opened a soup restaurant two years ago, and is earning positive economic profits. What do we expect to happen in the long run? Group
Moe opened a soup restaurant two years ago, and is earning positive economic profits. What do we expect to happen in the long run? Group of answer choices Moe's competitors are likely to change their menus to make their food offerings similar to his. Positive profits will continue to be earned, as long as production costs remain unchanged. If the success continues, Moe will franchise his restaurant and become a chain. Moe's success will invite others to open competing restaurants, and the economic profits will be driven to zero
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