Under conditions of perfect competition, in the long run, firms will most likely earn: A. normal profits.

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Under conditions of perfect competition, in the long run, firms will most likely earn:

A. normal profits.

B. positive economic profits.

C. negative economic profits.

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2024 CFA Program Curriculum Level I Volume 1

ISBN: 9781953337672

1st Edition

Authors: CFA Institute

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Question Posted: Feb 01, 2024 08:03 AM

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Under conditions of perfect competition, in the long run, firms will most likely earn: A. normal profits.

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A is correct Competition ...View the full answer

2024 CFA Program Curriculum Level I Volume 1

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