Why do economists consider zero economic profit to be normal?

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Why do economists consider zero economic profit to be "normal"?

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:33 AM

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Why do economists consider zero economic profit to be normal?

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Normal is akin to equilibrium in economic theory When a ...View the full answer

Managerial Economics

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