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Suppose firms in a perfectly competitive market are incurring an economic loss. Over time Select one: O a. other firms enter the market, so the
Suppose firms in a perfectly competitive market are incurring an economic loss. Over time Select one: O a. other firms enter the market, so the price rises and the economic loss decreases. O b. other firms enter the market, so the price falls and the economic loss decreases. O c. some firms leave the market, so the price falls and the economic loss decreases. O d. some firms leave the market, so the price rises and the economic loss decreases
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