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Help Save & Exit Submit Saved ment Check my work A firm in a purely competitive industry has a typical cost structure. The no
p. Is the firm earning an economic profit? (Cick to select) : f so, how large? percent c Will this industry see entry or exit
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I a Rate of Return = 95.50 x 100 = 114.. (6) Lince rate of return is greater than Normal rate of profit in the economy, thus,

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