In the long run expect the number of firms

Reference no: EM13200747

Suppose that some firms in a competitive industry are earning zero economic profits, while others are experiencing losses. All else equal, in the long run, we would expect the number of firms in the industry to

A. increase.

B. decrease.

C. remain the same.

D. We do not have enough information with which to answer this question.

Reference no: EM13200747

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