Multiple Choice
In an environment of free entry and exit,the presence of positive economic profits in an industry
A) indicates a market failure.
B) can never occur.
C) induces a reallocation of resources out of other industries and into the one with positive economic profit.
D) can be sustained indefinitely.
E) allows one firm to dominate the industry.
Correct Answer:
Verified
Correct Answer:
Verified
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