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m_a_m_a [10]
3 years ago
13

Refer to the accompanying graphs for a competitive market in the short run. What will happen to the representative firm's econom

ic profits as long-run market adjustments occur______.
Business
1 answer:
Korvikt [17]3 years ago
4 0

Answer and Explanation:

profit will increase to zero .

Currently the firm is incurring loss as price is less than ATC. In the long run firms will exit.

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3 years ago
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rosijanka [135]

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