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:

Originated

Refers to the point at which something begins or comes into existence.

Yoga

A comprehensive practice that includes physical postures, breathing techniques, and meditation, aimed at improving physical and mental well-being.

Conventional Medicine

Traditional medical practice based on scientific evidence, often involving pharmaceutical drugs and surgery, as opposed to alternative therapies.

Chiropractic

A healthcare discipline focused on the diagnosis, treatment, and prevention of mechanical disorders of the musculoskeletal system, especially the spine.