In perfectly competitive markets long term economic profit is zero. If so, why firms bother to enter

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In perfectly competitive markets long term economic profit is zero. If so, why firms bother to enter such market? Explain this in detail

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Managerial Economics A Problem Solving Approach

ISBN: 978-1133951483

3rd edition

Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War

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Posted Date: Mar 01, 2024 09:42 PM

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In perfectly competitive markets long term economic profit is zero. If so, why firms bother to enter

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Expert Answer:

Firms may choose to enter perfectly competitive markets despite the longterm economic profit being zero due to several reasons 1 Opportunity for Norma... View the full answer

Managerial Economics A Problem Solving Approach

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