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Answer to Question #226778 in Economics for Pabi
Question #226778
- Which one of the following statements is incorrect? Under perfect competition A. firms may earn normal profit in the short run.
- B. firms may suffer economic losses in the short run.
- C. firms may earn economic profits in the short run.
- D. firms may earn an economic profit in the long run.
Expert's answer
B. firms may suffer economic losses in the short run.
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