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The reason firms in a perfectly competitive market cannot earn more than zero economic profit in the long run is because above-normal profit attracts entrants
The reason firms in a perfectly competitive market cannot earn more than zero economic profit in the long run is because above-normal profit attracts entrants to the market. because of labor shortages. because the government would not allow it. because firms become inefficient
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International Economics
Authors: Dominick Salvatore
11th edition
978-1118177938, 1118177932, 1119915732, 978-1118476017, 1118476018, 978-1119915737
