Industries in which firms ________ are likely to expand in the long-run.
A) have positive profits
B) suffer losses
C) break even
D) shut down in the short run
Correct Answer:
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Q329: As long as existing firms _ in
Q330: In efficient markets, profit opportunities are quickly
Q331: As long as existing firms _ in
Q332: Assume the market for orange juice is
Q333: The long-run industry supply curve _ in
Q335: Firms in perfectly competitive industries that are
Q336: Profits in the short run attract resources
Q337: When long-run average costs decrease as a
Q338: Sources of _ include larger industry size
Q339: If a firm earns short-run losses, it
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