Describe what would happen to the industry supply curve, Microeconomics

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Describe what would happen to the industry supply curve

Problem

Describe what would happen to the industry supply curve and the economic profits of the firms in a competitive industry if those firms were currently earning economic profits. What if they were currently earning economic losses?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Describe what would happen to the industry supply curve

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Microeconomics: Describe what would happen to the industry supply curve

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