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:

Central Intelligence Agency

A federal U.S. agency responsible for gathering, processing, and analyzing national security information from around the world.

Privacy

The right to keep one's personal information and life confidential and free from unauthorized intrusion.

Incongruent

Lacking harmony, consistency, or appropriateness, possibly leading to confusion or conflict.

Psychotic Behaviors

Actions or behaviors that are typically associated with experiencing psychosis, including hallucinations, delusions, disordered thinking, and acting in a way that is out of touch with reality.