In a perfectly competitive industry, if firms are making profits _____, which will result in zero profits
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In a perfectly competitive industry, if firms are making profits _____, which will result in zero profits in the long run__________; if there are losses in the short run, , resulting in zero profits (and losses) in the long run.
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In a perfectly competitive industry if firms are making profits in the short run it will attract new ...View the full answer
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