Topic: A Purely Competitive Firm Is Precluded from Making Economic Profit in the Long Run Because
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Answers to Common Questions
Why do firms in perfect competition make zero economic profit in ...
The reason for this can be seen in the definition of economic profit and in the definition of perfect competition. Economic profit means profit after you pay out your explicit AND... Read More »
Source: http://www.enotes.com/business/q-and-a/why-long-run-competitivly-...
