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

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In a perfectly competitive market, in the long-run equilibrium, firms earn zero economic profits as any economic profit attracts new firms into the industry, increasing supply and lowering prices until profits are eliminated. This process also ensures that firms operate at their most efficient point, where average total costs are minimized, and there is no incentive for entry or exit because all firms are earning normal profits.

In the Long- Run Equilibrium for a Perfectly Competitive Market