In the long-run,a perfectly competitivel firm will achieve
A)Average rate of return
B)Above average profits
C)Losses
D)Economic Profits

Name: In the long-run,a perfectly competitivel firm will achieve A)Average rate of return B)Above average profits C)Losses D)Economic Profits
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Question

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In the long-run, a perfectly competitive firm will earn a normal profit, which is an average rate of return, as firms enter and exit the market until economic profits are zero.

In the Long-Run,a Perfectly Competitivel Firm Will Achieve