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Home Q & A Board Other Fields Homework Help Business Economics
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AndrewKraus AndrewKraus
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6 years ago
Suppose the firms in a perfectly competitive industry are earning positive economic profits. How will these positive profits affect the flow of resources into the industry? How will the equilibrium quantity and price change in the industry because of the profits?
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Microeconomics

Microeconomics


Edition: 1st
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SudzburySudzbury
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University of Kansas Alumni

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AndrewKraus Author
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#2
6 years ago
This helps with my assignment big time
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