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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?
Noncurrent Assets
Noncurrent assets are long-term assets that are not expected to be converted into cash or used up within one year, including property, plant, and equipment.
Current Assets
Cash and other assets that are expected to be converted to cash or sold or used up, usually within one year or less, through the normal operations of the business.
Other Receivable
An accounting term for amounts due to a company that are not from typical sales transactions, possibly including loans to employees or other companies.
Operating Expense
Costs associated with the day-to-day operations of a business, excluding cost of goods sold, such as rent, utilities, and payroll.
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