Business, 24.03.2020 06:27 dominiqueallen23

Assume the market for ball bearings is purely competitive. Currently, each of the firms in this market is earning positive economic profits. In the long run, as adjustments occur in the industry, we can expect the market price of ball bearings to .A. Supply to increase and firms' profits to decrease B. Demand to increase and firms' profits to increase C. Supply to decrease and firms' profits to increase D. Demand to decrease and firms' profits to decrease

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Assume the market for ball bearings is purely competitive. Currently, each of the firms in this mark...

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