smartaddict6480 smartaddict6480

23-11-2019
Business

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If a typical firm in a perfectly competitive industry is earning profits. True or False

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VirginiaFelix VirginiaFelix

24-11-2019

Answer:

The answer is True.

Explanation:

Because, then new firms will enter in the long run causing market supply to decrease, market price to fall , and profits to decrease.

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