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  3. Study Set
    Microeconomics Australia
  4. Exam
    Exam 14: Perfect Competition
  5. Question
    In the Long Run, a Perfectly Competitive Firm Makes
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In the Long Run, a Perfectly Competitive Firm Makes

Question 54

Question 54

Multiple Choice

In the long run, a perfectly competitive firm makes


A) either a positive economic profit or a normal profit.
B) negative economic profit, that is, an economic loss.
C) zero accounting profit.
D) zero economic profit.
E) a positive economic profit.

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