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    Exam 12: Competition and the Invisible Hand
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    If There Are Above-Normal Short Run Profits in an Industry
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If There Are Above-Normal Short Run Profits in an Industry

Question 124

Question 124

Multiple Choice

If there are above-normal short run profits in an industry, there will be:


A) entry.
B) exit.
C) no entry or exit.
D) below-normal profits in the next period.

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