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Title: Consider a perfectly competitive market experiencing good times. In the short run, the equilibrium p Post by: Loraine on Jun 21, 2015 Consider a perfectly competitive market experiencing good times. In the short run, the equilibrium price will ________ and firms will earn a(n) ________.
A) increase; economic profit as the new price exceeds average total cost B) increase; normal profit as the new price exceeds average total cost C) decrease; economic loss as new firms enter the industry D) decrease; economic profit as firms exit the industry E) may increase or decrease; normal profit depending on their costs Title: Re: Consider a perfectly competitive market experiencing good times. In the short run, the equilibri Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: Consider a perfectly competitive market experiencing good times. In the short run, the equilibrium p Post by: Smoooth on Aug 31, 2015 You're welcome :-]
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