Firms In The Nail Polishing Industry Are Making Economic Profits In The Long Run Firms Will The Industry So That The M 2 (27.75 KiB) Viewed 27 times
Firms in the nail polishing industry are making economic profits. In the long run, firms will the industry so that the market supply curve shifts to the until prices sufficiently to allow all firms to make a normal profit only. new; enter; left; rise existing; exit; left; rise existing; exit; right; drop new; enter; right; drop
A perfectly competitive firm maximises its profits by minimizing its costs. choosing the right level of output. choosing the optimal price. maximizing its revenues.
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