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Topic: Business
Number of pages / Number of words: 2 / 484
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11). In a short-term, if a firm (seller) is making profit selling by P>MC, this will open the opportunities for other firms to enter the market. Therefore, the market price will go down until demand meets supply again in the market. On the other hand, if a firm is making a loss selling by P


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On the other hand, if a firm is making a loss selling by P


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