A perfect competitor can reap an economic profit in the short run but not in the long

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A perfect competitor can reap an economic profit in the short run but not in the long run.

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Posted Date: Jan 15, 2021 12:28 AM

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A perfect competitor can reap an economic profit in the short run but not in the long

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True In the long run a firm is free to adjust all of its inputs New fir... View the full answer

Intermediate Microeconomics

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