Question: Long Run Zero Profit, Why Open? In Section 2 we see that a firm in a competitive market makes zero economic profit in the long

Long Run Zero Profit, Why Open? In Section 2 we see that a firm in a competitive market makes zero economic profit in the long run. Before looking into this a little deeper, it may appear to be pointless to operate since the firm does not come out ahead from producing their good. For this discussion, your task is to: 1. Explain why a firm would operate, even if they have zero economic profit. Hint: Consider the difference between zero economic profit and zero accounting profit

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