In long-run equilibrium:
A. perfectly competitive firms in a decreasing-cost industry can earn...
In long-run equilibrium:
A. perfectly competitive firms in a decreasing-cost industry can earn economic profits
B. perfectly competitive firms in an increasing-cost industry can earn economic profits
C. perfectly competitive firms can earn only normal profits
D. perfectly competitive firms in a constant-cost industry can earn economic profits
E. no entry occurs in an increasing-cost perfectly competitive industry
Answers: 1
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