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Author Question: The figure shows a perfectly competitive market that was in a long-run equilibrium on demand curve ... (Read 80 times)

Alainaaa8

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on: May 24, 2019



The figure shows a perfectly competitive market that was in a long-run equilibrium on demand curve D0.  Due to a permanent change in demand to D1, existing firms will begin to make an economic ________ which will result in ________ the market.
◦ loss; new firms entering
◦ profit; existing firms exiting
◦ profit; new firms entering
◦ loss; some existing firms exiting
◦ loss; all remaining firms exiting
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Alainaaa8 on May 24, 2019

spencer.martell

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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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Alainaaa8

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

vickybb89

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Reply 3 on: Yesterday
Wow, this really help

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