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Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1305506893Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1305506893 Exercise 5
*If the firms in a price-taker market are making short-run profits, what will happen to the market price in the long run? Explain.
Explanation
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If the firms are making profits in the s...
Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
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