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Title: The corn market is perfectly competitive, with thousands of corn farmers. In the 2000s, the price of Post by: Loraine on Jun 21, 2015 The corn market is perfectly competitive, with thousands of corn farmers. In the 2000s, the price of corn soared so that new farmers entered the corn market. Initially, entry ________ the economic profit of the initial corn farmers and in the long run the initial corn farmers ________.
A) increased; made an even greater economic profit than initially B) decreased; made zero economic profit C) increased; made zero economic profit D) decreased; incurred an economic loss E) increased; made an economic profit Title: Re: The corn market is perfectly competitive, with thousands of corn farmers. In the 2000s, the pric Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: The corn market is perfectly competitive, with thousands of corn farmers. In the 2000s, the price of Post by: Smoooth on Aug 31, 2015 You're welcome :-]
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