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In the Long Run,existing Firms Exit a Perfectly Competitive Market

Question 63

Multiple Choice

In the long run,existing firms exit a perfectly competitive market


A) only if economic profits are zero.
B) if they make a positive economic profit.
C) if normal profits are greater than zero.
D) only if they incur an economic loss.
E) if they either make a normal profit or if they incur an economic loss.

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