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    Perfectly competitive firms

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    Why do perfectly competitive firms make zero economic profit in the long run?

    © BrainMass Inc. brainmass.com October 9, 2019, 9:28 pm ad1c9bdddf

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    Perfectly competitive firms make zero profit in the long run because if there were any scope of earning profits, more firms ...

    Solution Summary

    Perfectly competitive firms are characterized.