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Other Fields Homework Help Economics Topic started by: vsisto on Aug 22, 2018



Title: In the long run when a perfectly competitive firm experiences positive economic profits
Post by: vsisto on Aug 22, 2018
In the long run when a perfectly competitive firm experiences positive economic profits
A) firms exit the industry, the market supply curve shifts rightward, and the market price falls.
B) firms enter the industry, the market supply curve shifts rightward, and the market price falls.
C) firms exit the industry, the market supply curve shifts leftward, and the market price rises.
D) firms enter the industry, the market supply curve shifts rightward, and the market price rises.


Title: In the long run when a perfectly competitive firm experiences positive economic profits
Post by: EllieIx88 on Aug 22, 2018
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Title: In the long run when a perfectly competitive firm experiences positive economic profits
Post by: vsisto on Aug 22, 2018
:white_check_mark: Correct!