Economists proclaim that competitive firms make zero economic profit in the long run.This shows how

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When competitive firms make zero economic profit in the long run, it means that they are covering all their costs, both monetary and non-monetary. This is because if they were not, they would either go out of business or change their production method to minimize costs and increase profits. Therefore, it shows that in competitive markets, firms must produce efficiently and cover all their costs to survive in the long run.

Economists Proclaim That Competitive Firms Make Zero Economic Profit in the Long