If the firms in a competitive industry are earning profits, in the long run new firms will
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If the firms in a competitive industry are earning profits, in the long run new firms will ________.
But if most fi rms are losing money, then in the long run some of the firms will __________.
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If the firms in a competitive industry are earning profits in the long run new firms will enter the market This is because Profit incentive When exist...View the full answer
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