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    Modern Principles Microeconomics
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    Exam 12: Competition and the Invisible Hand
  5. Question
    Normal Profits in a Perfectly Competitive Industry Refer to ______
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Normal Profits in a Perfectly Competitive Industry Refer to ______

Question 8

Question 8

Multiple Choice

Normal profits in a perfectly competitive industry refer to ______ run profits.


A) positive long
B) zero long
C) negative long
D) positive short

Correct Answer:

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