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In the long-run, a perfectly competitive firm earns only normal profits because of

In the long-run, a perfectly competitive firm earns only normal profits because of

In the long-run, a perfectly competitive firm earns only normal profits because of


[A]Product homogeneity in the industry
[B]Large number of sellers and buyers in the industry
[C]Free entry and exit of firms in the industry
[D]Both (a) and (b) above

Roshan kumar 09-Jan-2018

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