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April 21, 2014

Homework Help: Microeconomics

Posted by Angelique on Thursday, October 28, 2010 at 11:59am.

Suppose thatsome firms in a perfectly competitive industry are incurring negative economic profits. In the long run, the

a industry supply curve will not shift
b. industry supply curve will shift to the left

c. number of firms in the industry will not change

d. number of firms in the industry will increase

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