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In a perfectly competitive market, firms in the long run earn zero economic profits. Why?

tuggy

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6 years ago

In a perfectly competitive market, firms in the long run earn zero economic profits. Why?

In a perfectly competitive market, firms in the long run earn zero economic profits. Why?

Textbook

Microeconomics

Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

Read 91 times

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Simpleman

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tuggy Author

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#2

6 years ago

Thanks for providing the correct answer

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