In the long run, a firm in a perfectly competitive market will make?

a

normal profit

b

adnormal profit

c

marginal profit

d

no profit

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Correct Option
a

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OLUMYSCHOOL
1 year ago

T he answer to this question is wrong. The correct answer is "ZERO PROFIT" because a firm can only make accounting profit and not economics profit in the Long run in perfectly competitive market.

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