If Identical Firms That Remain in a Competitive Market Over

question 122

Essay

If identical firms that remain in a competitive market over the long run make zero economic profit, why do these firms choose to remain in the market?

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Definitions:

Communication Technology

The use of tools and platforms to facilitate communication and the exchange of information across distances, including the internet, mobile phones, and social media.

Employment Opportunities

Available jobs or positions within various industries that potential employees can apply to.

Communication Strategies

Planned approaches to sharing information and facilitating effective communication within an organization or between individuals to achieve specific objectives.

Managers

Individuals in an organization responsible for directing and overseeing the work of other employees to achieve the organization's goals.