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Category > Economics Posted 29 May 2017 My Price 5.00

Suppose independent truckers operate in a perfectly competitive industry

 

Suppose independent truckers operate in a perfectly competitive industry. If these firms are earning positive economic profits, what happens in the long run to the following: the price of trucking services, the industry quantity of output, and the profits of trucking firms?

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 29 May 2017 10:05 AM My Price 5.00

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file 1496053195-Answer.docx preview (104 words )
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