Business, 30.09.2019 19:30 treaustin6978

Astudent in a principles of economics course makes the following remark: "the economic model of perfectly competitive markets is fine in theory but not very realistic. it predicts that in the long run, a firm in a perfectly competitive market will earn no profits. no firm in the real world would stay in business if it earned zero profits." is this remark correct or incorrect?

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Astudent in a principles of economics course makes the following remark: "the economic model of per...