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When profit-maximising firms in competitive markets are making losses: a. market demand must exceed market supply at the equilibrium price b. new firms will enter
When profit-maximising firms in competitive markets are making losses:
a.
market demand must exceed market supply at the equilibrium price
b.
new firms will enter the market
c.
few firms will enter the market.
d.
the most inefficient firms will be encouraged to leave the market
e.
there must be a shortage of skilled labour
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