=+3. In long-run equilibrium, all firms in the industry earn zero economic profit. Why is this true?

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 25, 2024 04:01 AM

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=+3. In long-run equilibrium, all firms in the industry earn zero economic profit. Why is this true?

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Microeconomics

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