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If the firms are earning abnormal profits, how will the number of firms in the industry change?

+2 votes

asked Feb 23, 2019 in Class 12 by kratos

If the firms are earning abnormal profits, how will the number of firms in the industry change?

price determination
forms of market
class-12

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1 Answer

+1 vote

answered Jul 30, 2020 by kratos

Best answer

The number of firms in the industry will increase.

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