-In the long run,a perfectly competitive firm facing the same costs as in Figure 11.3 would earn $________ of economic profit.

Name: -In the long run,a perfectly competitive firm facing the same costs as in Figure 11.3 would earn $________ of economic profit.
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In the long run, a perfectly competitive firm earns zero economic profit because firms enter and exit the market until profits are normalized, meaning total revenue equals total cost.

-In the Long Run,a Perfectly Competitive Firm Facing the Same