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Interest-driven in a perfectly competitive market.

Essay question: Some people say, "Since economic profits are zero in the long run, firms in perfectly competitive markets have no incentive to produce and sell…

Added May 19, 20260 views0 copies
Prompt
Essay question: Some people say, "Since economic profits are zero in the long run, firms in perfectly competitive markets have no incentive to produce and sell products when they are not profitable. Why do some people continue to produce and sell in non-profitable situations?" Do you agree with this statement? Why?

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