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Other Fields Homework Help Economics Topic started by: stars_and_moon on Jul 20, 2016



Title: If the firms in an industry in pure competition are earning positive profits, in the long run the pr
Post by: stars_and_moon on Jul 20, 2016
If the firms in an industry in pure competition are earning positive profits, in the long run the price will ________ until profits are ________.
A) fall; zero
B) fall; negative
C) increase; positive
D) increase; zero


Title: Re: If the firms in an industry in pure competition are earning positive profits, in the long run ...
Post by: kingby on Aug 8, 2016
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Title: Re: If the firms in an industry in pure competition are earning positive profits, in the long run the pr
Post by: stars_and_moon on Aug 17, 2016
I compared your answer with a buddy, and it matches

Thanks


Title: Re: If the firms in an industry in pure competition are earning positive profits, in the long run the pr
Post by: kingby on Aug 18, 2016
I was slightly debating this one, thanks for the feedback