If the firms in an industry in pure competition are earning positive profits, in the long run the pr

stars_and_moon

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If the firms in an industry in pure competition are earning positive profits, in the long run the pr

If the firms in an industry in pure competition are earning positive profits, in the long run the price will ________ until profits are ________.
A) fall; zero
B) fall; negative
C) increase; positive
D) increase; zero

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kingby

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stars_and_moon Author

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8 years ago

I compared your answer with a buddy, and it matches

Thanks

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kingby

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8 years ago

I was slightly debating this one, thanks for the feedback

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