EBK ECON MICRO
EBK ECON MICRO
6th Edition
ISBN: 9781337671828
Author: MCEACHERN
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 8, Problem 10P
To determine

The reasons for zero economic profits in long run for a perfectly competitive firm and also to state the reason of zero economic loss.

Why there is no economic profit or loss in the perfectly competitive industry.

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