In the Long Run, a Perfectly Competitive Firm Makes Zero

question 349

Essay

In the long run, a perfectly competitive firm makes zero economic profit. What incentive does the firm have to stay in business if it is making zero economic profit?

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Definitions:

Triglyceride Levels

A measurement of the amount of triglycerides, a type of fat, present in the bloodstream, which is significant for assessing heart health.

Osteoporosis

An endocrine and metabolic disorder of the musculoskeletal system, more common in women than in men, characterized by a hunched-over posture.

Hormone Replacement Therapy

A treatment used to alleviate symptoms of hormonal imbalance by supplementing the body with external hormones.

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated, leading to increased risk of heart, brain, kidney, and other diseases.