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What makes perfectly competitive firms to constantly be making normal profits in the long run?

What makes perfectly competitive firms to constantly be making normal profits in the long run?

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Just a guide offering insights on how to approach this question Perfectly competitive firms only exist in... View the full answer

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The perfectly competitive firms make normal profits... View the full answer

In the long run, it is the fact that all costs... View the full answer

Perfect competitive market refers to when the rate of competition is at the highest level, it is characterized by no barriers... View the full answer

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