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If All Firms in a Perfectly Competitive Industry Are Earning

Question 57

Multiple Choice

If all firms in a perfectly competitive industry are earning a normal profit,then


A) firms will be entering the industry.
B) the number of firms in the industry is stable.
C) firms will be exiting the industry.
D) firms are doing better than their next-best alternative.
E) firms are doing worse than their next-best alternative.

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