MyLab Economics with Pearson eText -- Access Card -- for Economics
MyLab Economics with Pearson eText -- Access Card -- for Economics
6th Edition
ISBN: 9780134124377
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 12, Problem 12.2.5PA
To determine

Why firms do not maximize revenue rather than profit.

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Briefly explain the reason for why in a competitive market we expect economic profits to be zero inthe long run. Why do firms operate even though they face 0 economic profit?
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