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hiusy98 hiusy98
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7 years ago
Assume the market price is greater than average total cost at the perfectly competitive firm's profit-maximizing level of output. In this case, the firm is earning positive economic profits, which act as an incentive for new firms to enter the market.
Is this statement true or false, please advise
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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andyborziandyborzi
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7 years ago
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hiusy98 Author
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#2
7 years ago
I owe you my life lol
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