Business, 06.11.2019 21:31 bubbagumpshrimpboy
Which of the following statements accurately explains why profits for firms in a perfectly competitive industry tend to vanish in the long run? - the demand for products falls over time, so firms are unable to generate revenue. - prices drop when other perfectly competitive firms see an opportunity to earn profits and enter the market. - firms that experience losses try to increase supply to cover their costs, leading to zero profits.
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Which of the following statements accurately explains why profits for firms in a perfectly competiti...
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