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You read in a business magazine that computer firms are reaping high profits. With the theory of perfect competition in mind, what do you expect

  1. You read in a business magazine that computer firms are reaping high profits. With the theory of perfect competition in mind, what do you expect to happen over time to each of the following?
  2. a. Computer prices
  3. b. The profits of computer firms
  4. c. The number of computers on the market
  5. d. The number of computer firms

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