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Two mc questions! In a perfectly competitive industry, with the same costs for all firms, free entry and exit, each firm will have economic profits

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Two mc questions!

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In a perfectly competitive industry, with the same costs for all firms, free entry and exit, each firm will have economic profits in the long-run equilibrium. negative different zero positive Question 9 (1 point) Rock Band Payoff Matrix The Beatles Tour No Tour $4m $3m Tour $2m $4m The Rolling Stones No Tour $10m $7m $lm $3m The Beatles and the Rolling Stones are competitors in the rock and roll music industry. Either band can go on tour or not. Consider the hypothetical payoff matrix. What is the non- cooperative equilibrium of this game

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