Above-normal profit in open markets is often a temporary phenomenon as this profit attracts capital investments by rivals and new entrants until profits fall back to normal returns. This statement is

Above-normal profit in open markets is often a temporary phenomenon as this profit attracts capital investments by rivals and new entrants until profits fall back to normal returns. This statement is

Above-normal profit in open markets is often a temporary phenomenon as this profit attracts capital investments by rivals and new entrants until profits fall back to normal returns. This statement is




a) True
b) False.




ANS A


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