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April 21, 2014

Homework Help: Economics

Posted by Bob on Tuesday, November 29, 2011 at 12:12pm.

Suppose that some firms in a competitive industry are earning zero economic profits, while others are experiencing losses. All else equal, in the long run, we would expect the number of firms in the industry to

A. increase.

B. decrease.

C. remain the same.

D. We do not have enough information with which to answer this question.

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