Economy, asked by zonik7067, 4 months ago

What happens with the perfectly competitive market industry when the profit is greater than

zero (positive)? Graph required.​

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Answered by Sarah0909
36

Answer:

Here is your answer

What happens in a perfectly competitive industry when economic profit is greater than zero? New firms may enter the industry. Existing firms may get larger. Firms may move along their LRAC curves to new outputs.

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