8. Explain why a firm will be unable to earn positive economic profit in the long run...

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8. Explain why a firm will be unable to earn positive economic profit in the long run if other firms can freely enter and compete with the existing firm.

Explain why that firm will not earn negative economic profit in the long run.

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Fundamentals Of Economics

ISBN: 9781133956105,9781285531847

6th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Nov 12, 2024 09:00 AM

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8. Explain why a firm will be unable to earn positive economic profit in the long run...

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Fundamentals Of Economics

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