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Which of the following would be true if a given industry is making positive economic profits? Group of answer choices Firms in other industries could
Which of the following would be true if a given industry is making positive economic profits? Group of answer choices Firms in other industries could be earning the same economic profits. Firms in other industries will seek to migrate to this profitable industry. This would mean that all other industries in the economy must be making negative economic profits. The economic profits of the industry represent how much more accounting profits firms are earning in this industry compared with firms in the next most profitable alternative industry
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