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    Principles of Microeconomics Study Set 4
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    Exam 9: Competitive Markets for Goods and Services
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    If Some Firms in a Perfectly Competitive Industry Earn Less
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If Some Firms in a Perfectly Competitive Industry Earn Less

Question 50

Question 50

True/False

If some firms in a perfectly competitive industry earn less than a zero economic profit, the industry's market supply curve will decrease in the long run.

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