When businesses in a competitive industry have _____ profit, long-run economic equilibrium occurs.

Name: When businesses in a competitive industry have _____ profit, long-run economic equilibrium occurs.
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In a competitive industry, long-run economic equilibrium occurs when businesses have zero economic profit. This means that they are covering all their costs, including opportunity costs, but they are not making any additional profit beyond that.

When Businesses in a Competitive Industry Have _____ Profit, Long-Run