Answer to Question #75776 in Microeconomics for stan

Question #75776
When economic profit exists for a firm, it is very feeble because …
1
Expert's answer
2018-04-10T17:09:11-0400
When economic profit exists for a firm, it is very feeble because as the number of firms in industry increases, in the long run all firms will receive normal (zero) profits.

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