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    Modern Principles Microeconomics
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    Exam 12: Competition and the Invisible Hand
  5. Question
    Above-Normal Profits Are Eliminated by ______, and Below-Normal Profits Are
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Above-Normal Profits Are Eliminated by ______, and Below-Normal Profits Are

Question 9

Question 9

Multiple Choice

Above-normal profits are eliminated by ______, and below-normal profits are eliminated by ______.


A) entry; entry
B) exit; exit
C) entry; exit
D) exit; entry

Correct Answer:

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