In the long run, a perfectly competitive firm earning zero economic profits

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    will exit the market in search of more profitable use of its resources.
     is earning a normal rate of return on its investments.
     signifies that the firm is performing poorly and so should exit the market.
     Both 1 and 3.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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is earning a normal rate of return on its investments.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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