Business, 12.04.2021 19:10 Champion1841

Under perfect competition, if an industry has short run positive economic profits a. firms will enter the market in the long run and the short-run supply curve will shift inward. b. firms will leave the market in the long run and the short-run supply curve will shift inward. c. existing firms will make short run profits. d. firms will leave the market in the long run and the short-run supply curve will shift outward. e. firms will enter the market in the long run and the short-run supply curve will shift outward.

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Under perfect competition, if an industry has short run positive economic profits a. firms will ente...