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Economic profits in the industry suggest that the industry A. is the size that consumers want it to be. B. should be larger to better satisfy consumers' desire for the product. C. has excess

Economic profits in the industry suggest that the industry

A. is the size that consumers want it to be.

B. should be larger to better satisfy consumers' desire for the product.

C. has excess production capacity.

D. can earn more profits by increasing product price.

Apr 27 2021 View more View Less

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