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Author Question: The corn market is perfectly competitive, with thousands of corn farmers. In the 2000s, the price of ... (Read 91 times)

BrownTown3

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on: May 24, 2019
The corn market is perfectly competitive, with thousands of corn farmers. In the 2000s, the price of corn soared so that new farmers entered the corn market. Initially, entry ________ the economic profit of the initial corn farmers and in the long run the initial corn farmers ________.
◦ increased; made an even greater economic profit than initially
◦ decreased; made zero economic profit
◦ increased; made zero economic profit
◦ decreased; incurred an economic loss
◦ increased; made an economic profit
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by BrownTown3 on May 24, 2019

tandmlomax84

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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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BrownTown3

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Reply 2 on: May 24, 2019
Excellent

ultraflyy23

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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