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प्रश्न
In long-run industry equilibrium under perfect competition, firms ______.
पर्याय
Earn supernormal profits
Always incur losses
Earn only normal profits
Stop producing
MCQ
रिकाम्या जागा भरा
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उत्तर
In long-run industry equilibrium under perfect competition, firms earn only normal profits.
Explanation:
In the long run, entry and exit of firms continue until all firms earn only normal profits, so no new firm wants to enter and no existing firm wants to leave.
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