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Author Question: If perfectly competitive firms are entering or exiting a market, it must be true that the market (Read 98 times)

joesmith1212

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on: May 24, 2019
If perfectly competitive firms are entering or exiting a market, it must be true that the market
◦ is in the short run.
◦ is in the long run.
◦ is in the short run only if the firms' economic profits equal $0.
◦ is in the long run only if the firms' economic profits are positive.
◦ is in a long-run equilibrium because average variable costs are no longer relevant.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by joesmith1212 on May 24, 2019

Kaytorgator

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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joesmith1212

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
Excellent

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