In the long- run equilibrium in a perfectly competitive market,

Name: In the long- run equilibrium in a perfectly competitive market,
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In a perfectly competitive market, in the long-run equilibrium, firms make a normal profit, which means they cover all their costs, including opportunity costs, but do not earn economic profits above this level. This is because any economic profit would attract new firms into the industry, increasing supply and driving prices down until only normal profits are made.

In the Long- Run Equilibrium in a Perfectly Competitive Market