In the long-run, the perfectly competitive firm will earn: zero economic profits ( average accounting profits) positive

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answerhappygod
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In the long-run, the perfectly competitive firm will earn: zero economic profits ( average accounting profits) positive

Post by answerhappygod »

In the long-run, the perfectly competitive firm will
earn:
zero economic profits ( average accounting profits)
positive economic profits ( above average
accounting profits)
losses due to free entry and exit
none of the above
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