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Also I believe you are mistaken, see: https://www.investopedia.com/ask/answers/031815/why-are-there-no-profits-perfectly-competitive-market.asp https://www.inv
by didibus 7y ago
Also I believe you are mistaken, see: https://www.investopedia.com/ask/answers/031815/why-are-there-no-profits-perfectly-competitive-market.asp https://www.investopedia.com/ask/answers/031815/why-are-ther...
And https://2012books.lardbucket.org/books/microeconomics-principles-v2.0/s12-03-perfect-competition-in-the-lon.html https://2012books.lardbucket.org/books/microeconomics-princi...
To see why in the long run perfectly competitive industries will earn zero economic profits.