If firms do not earn economic profits in a competitive equilibrium, why would the firms choose to stay in business?
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Q142: Table 12-4 Q143: When a perfectly competitive firm finds that Q147: Figure 12-9 Q147: Figure 12-9 Q153: Suppose Veronica sells teapots in the perfectly Q154: For a given quantity, the total profit Q157: Max Shreck, an accountant, quit his $80,000-a-year Q159: Suppose Veronica sells teapots in the perfectly Q160: Figure 12-8 Q166: Figure 12-9 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents