MICROECONOMICS
MICROECONOMICS
11th Edition
ISBN: 9781266686764
Author: Colander
Publisher: MCG
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Chapter 13.1, Problem 8Q
To determine

The reason for continuing production in perfect competition even if they earn zero profit.

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Why do a firm's profit disappear in the long run?
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Why don't firms in a competitive market have excess capacity in the long run?
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