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  3. Study Set
    Principles of Economics
  4. Exam
    Exam 15: Entry, Exit, and Long-Run Profitability
  5. Question
    Why Will an Industry Naturally Move to Zero Economic Profits
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Why Will an Industry Naturally Move to Zero Economic Profits

Question 21

Question 21

Essay

Why will an industry naturally move to zero economic profits in the long run if it has free entry and exit of firms?

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