Which attribute in perfect competition makes it so firms will make zero economic profit in the long

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Which attribute in perfect competition makes it so firms will make zero economic profit in the long run?

a. Many buyers and sellers

b. Identical products

c. Low barriers to entry

d. Full information

Related Book For answer-question

Business Ethics A Stakeholder And Issues Management Approach

ISBN: 9781523091546

7th Edition

Authors: Joseph W. Weiss

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Posted Date: Jan 01, 2024 06:53 AM

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Which attribute in perfect competition makes it so firms will make zero economic profit in the long

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The detailed answer for the above question is provided below The correct answer is c Low barriers to ... View the full answer

Business Ethics A Stakeholder And Issues Management Approach

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