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    Principles of Microeconomics
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    Exam 9: Long-Run Costs and Output Decisions
  5. Question
    Firms in Perfectly Competitive Industries That Are Earning Short-Run Profits
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Firms in Perfectly Competitive Industries That Are Earning Short-Run Profits

Question 140

Question 140

True/False

Firms in perfectly competitive industries that are earning short-run profits will likely break even in the long run.

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