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Which of the following conditions ensures that excess profits cannot persist in a perfectly competitive market over the long run? A-Large number of firms in

Which of the following conditions ensures that excess profits cannot persist in a perfectly competitive market over the long run?

A-Large number of firms in the industry.

B-Outputs of the firms are perfect substitutes for one another.

C-Ease of entry into the market.

D-Complete information is available to all market participants.

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