3. Firms operating in perfect competition will earn 0 economic profits over time. This means: Group of
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Question:
3. Firms operating in perfect competition will earn 0 economic profits over time. This means:
Group of answer choices
a. They will have to close down due lack of adequate cash flow to cover costs
b. They can remain in business indefinitely, earning a normal rate of return for their industry
c. They will pay no taxes
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date: