In the long-run, the perfectly competitive firm will earn: zero economic profits ( average accounting profits) positive
Posted: Sun Jun 05, 2022 12:10 pm
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
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