In the long run, a firm operating in pure competition will just break even (earn a normal profit).

Name: In the long run, a firm operating in pure competition will just break even (earn a normal profit).
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In the long run, a firm operating in a purely competitive market will earn a normal profit due to the entry and exit of firms in response to profit opportunities, which drives the price to the level of average total cost.

In the Long Run, a Firm Operating in Pure Competition