Multiple Choice
Assume that all firms in a particular perfectly competitive industry are earning economic profits.This will cause firms to ______ the industry,which will continue until ______.
A) exit;economic losses occur
B) enter;economic profits are zero
C) enter;accounting profits are zero
D) exit;economic profits are zero
E) enter;economic profits are negative
Correct Answer:
Verified
Correct Answer:
Verified
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