Answered: Long-Run Competitive Equilibrium it is…

Long-Run Competitive Equilibrium it is included as a cost and are not included in economic profit. a. profit maximization b. zero profit condition c. normal profit d. none of this

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Firms In Competitive Markets

Section: Chapter Questions

Problem 6QR

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In Long-Run Competitive Equilibrium it is included as a cost and are not included in economic profit.

profit maximization

zero profit condition

normal profit

none of this

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