Economic theory would suggest that the profitability of an industry would be a. Directly related to the

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Economic theory would suggest that the profitability of an industry would be

a. Directly related to the number of firms competing in the industry.

b. Inversely related to the number of firms competing in the industry.

c. Unrelated to the number of firms competing in the industry.

d. Zero in the long run, regardless of market structure.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 02:57 AM

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Economic theory would suggest that the profitability of an industry would be a. Directly related to the

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b Inversely related to the number of firms competing in the industry Explanatio...View the full answer

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