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Chanta35 Chanta35
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5 years ago
When a perfectly competitive firm experiences positive economic profits in the short run
A) the high barriers to entry prevent further competition.
B) existing firms exit the industry.
C) new firms enter the industry.
D) firms have no incentive to exit or enter the industry.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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dianeflunderdianeflunder
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