In the long run a firm in perfect competition earns _________. A . 12.33% profit on capital

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In the long run a firm in perfect competition earns _________.

A. 12.33% profit on capital employed

B. abnormal profit

C. average profit of past five years

D. normal profit only

Related Book For answer-question

Economics for Managers

ISBN: 978-0132773706

3rd edition

Authors: Paul G. Farnham

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Posted Date: Jan 31, 2023 05:21 AM

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In the long run a firm in perfect competition earns _________. A . 12.33% profit on capital

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