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If firms in a purely competitive industry are earning positive economic profits, in the long run:

Costa

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If firms in a purely competitive industry are earning positive economic profits, in the long run:

If firms in a purely competitive industry are earning positive economic profits, in the long run:
A) the industry demand curve will fall as new firms enter the industry
B) the industry supply curve will shift to the right as new firms enter the industry
C) the demand for the product will increase as the increase in supply lowers the price
D) the industry demand curve will shift to the right as new firms enter the industry

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Microeconomics

Edition: 2^nd

Author: James

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angelverde

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Costa Author

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Brilliant ツ

patod1

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this is exactly what I needed

halyna

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Thank you, thank you, thank you!

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