Since firms in perfect competition can enter and exit the
Indicate whether the following statement is TRUE or FALSE and explain your answer: Since firms in perfect competition can enter and exit the market in the long run, their economic profits are zero in the long run.
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if the level of output that maximizes profits is the same level of output that maximizes revenues then the marginal
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the perfectly competitive videotape copying industry is composed of many rms that can copy ve tapes per day at an
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