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Title: If a perfectly competitive firm has economic profits greater than zero, then we know that Post by: spruckj on Mar 3, 2019 If a perfectly competitive firm has economic profits greater than zero, then we know that
• the firm's industry is not in long-run equilibrium. • the firm's industry is in long-run equilibrium. • the firm will reduce output. • the firm is producing at the bottom of the average total cost curve. Title: If a perfectly competitive firm has economic profits greater than zero, then we know that Post by: mcwieck on Mar 3, 2019 Content hidden
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