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True or False: When firms in a purely competitive firm are earning profits below normal, the supply of the product will tend to decrease in the long run.

True or False: When firms in a purely competitive firm are earning profits below normal, the supply of the product will tend to decrease in the long run.
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True or False: When firms in a purely competitive firm are earning profits below normal, the supply of the product will tend to decrease in the long run.

asked
User Xkeeper
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8.6k points

1 Answer

1 vote
False is the answer

Explanation: cause I know
answered
User Banica
by
8.8k points
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