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Whenever firms can freely enter and exit a market, a. firms can never earn an economic profit, even in the short run. b. prices will
Whenever firms can freely enter and exit a market, a. firms can never earn an economic profit, even in the short run. b. prices will be the same for all firms in the market. c. products will be identical for all firms in the market. d. profits and losses will play an important role in determining the whether firms enter or exit the industry
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