It is possible that a firm in a perfectly competitive market earns a negative profit in the long run.

Name: It is possible that a firm in a perfectly competitive market earns a negative profit in the long run.
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In the long run, firms in a perfectly competitive market will earn zero economic profit due to free entry and exit in the market, which ensures that any potential for negative or positive profit is eliminated as firms adjust.

It Is Possible That a Firm in a Perfectly Competitive