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Author Question: Consider a perfectly competitive market experiencing good times. In the short run, the equilibrium ... (Read 78 times)

saraeharris

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on: May 24, 2019
Consider a perfectly competitive market experiencing good times. In the short run, the equilibrium price will ________ and firms will earn a(n) ________.
◦ increase; economic profit as the new price exceeds average total cost
◦ increase; normal profit as the new price exceeds average total cost
◦ decrease; economic loss as new firms enter the industry
◦ decrease; economic profit as firms exit the industry
◦ may increase or decrease; normal profit depending on their costs
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by saraeharris on May 24, 2019

Jayson

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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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saraeharris

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

olderstudent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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