In the long-run equilibrium, perfectly competitive firms make zero economic profit because of

Name: In the long-run equilibrium, perfectly competitive firms make zero economic profit because of
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In a perfectly competitive market, firms can freely enter and exit the market. This leads to zero economic profit in the long run as any profit attracts new firms, increasing supply and driving prices down until only normal profit remains.

In the Long-Run Equilibrium, Perfectly Competitive Firms Make Zero Economic