Which of the following factors ensures that economic profit will be zero in the long run in a competitive industry?

Question

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In a competitive industry, easy entry and exit ensure that economic profit will be zero in the long run. When firms are earning positive economic profits, new firms are attracted to the market, increasing supply and driving prices down until profits reach normal levels. Conversely, if firms are incurring losses, some will exit the market, reducing supply and increasing prices until losses are eliminated. This dynamic ensures that in the long run, economic profits are zero.

Which of the Following Factors Ensures That Economic Profit Will