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Business, 24.06.2019 07:20 bhebert6057

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect will happen to the amount of output martha will produce and the amount of profit she will have? martha's output and profits will both decrease. martha's output will decrease, but her profits will increase. martha's output and profits will both increase. martha's output will increase but her profits will decrease.

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Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her...
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