Business, 13.08.2019 06:10 isabelperez063

Assume the market for ball bearings is purely competitive. currently, each of the firms in this market is earning positive economic profits. in the long run, as adjustments occur in the industry, we can expect the market price of ball bearings to a. increase and individual firms' profits to decreaseb. increase and individual firms' profits to increasec. decrease individual firms' profits to increased. decrease and individual firms' profits to decrease

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Assume the market for ball bearings is purely competitive. currently, each of the firms in this mark...

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