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If a typical firm in a perfectly competitive industry is earning profits. True or False
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If a typical firm in a perfectly competitive industry is earning profits. True or False

User Comprex
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1 Answer

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Answer:

The answer is True.

Step-by-step explanation:

Because, then new firms will enter in the long run causing market supply to decrease, market price to fall , and profits to decrease.

User Rovaughn
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