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Perfectly competitive firms that make profits in the short run... a. Cannot sustain them in the long run because of free entry. b. Can sustain
Perfectly competitive firms that make profits in the short run...
a.
Cannot sustain them in the long run because of free entry.
b.
Can sustain them in the long run because of barriers to entry.
c.
Indicate that too many firms are currently in the market.
d.
Can occur in theory but cannot occur in reality.
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