To add on, my previous post was referring to "economic profits", which is different from nominal profits. A sublink from above clarifies this further. https://

To add on, my previous post was referring to "economic profits", which is different from nominal profits. A sublink from above clarifies this further. https://en.wikipedia.org/wiki/Perfect_competition#Normal_profit https://en.wikipedia.org/wiki/Perfect_competition#Normal_pro...