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In a perfectly competitive industry, if TR > TC, then in the long run A. firms will exit the industry. B. new firms will enter the industry. C. there will be no change in the number of firms. D. market supply will shift to the left. E. firms will make economic profits.
firms will make economic profits.
Expert answered|priyankab|Points 0|
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Asked 276 days ago|7/14/2013 11:16:52 AM
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