If the market for maple syrup is perfectly competitive, then in the long-run equilibrium, firms are

Name: If the market for maple syrup is perfectly competitive, then in the long-run equilibrium, firms are
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In a perfectly competitive market, firms make zero economic profit in the long-run equilibrium because any economic profit would attract new firms, and any economic loss would cause firms to exit, until profits are normalized.

If the Market for Maple Syrup Is Perfectly Competitive, Then