If firms in a perfectly competitive market are earning positive economic profits, what will happen?

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Microeconomics

ISBN: 9781337617406

13th Edition

Authors: Roger A Arnold

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Question Posted: Apr 05, 2024 05:00 AM

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If firms in a perfectly competitive market are earning positive economic profits, what will happen?

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According to the theory of perfect competition the profits will draw new firms into t...View the full answer

Microeconomics

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