Under perfect competition _________profits are always zero in the long run. a) accounting b) economic c) both

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Under perfect competition _________profits are always zero in the long run.

a) accounting

b) economic

c) both economic and accounting

d) neither accounting or economic.

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Related Book For answer-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:00 AM

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Under perfect competition _________profits are always zero in the long run. a) accounting b) economic c) both

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The correct answer is c both economic and accounting Explanation Under perfect competition profits a...View the full answer

Microeconomics

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