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Which characteristics make it so that perfectly competitive firms and monopolistically competitive firms have zero economic profit in the long run?
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Which characteristics make it so that perfectly competitive firms and monopolistically competitive firms have zero economic profit in the long run?

User Canastro
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1 Answer

1 vote

Answer:

A. Homogeneous product and perfect information

Step-by-step explanation:

The characteristics in which the perfectly competitive market and the monopolistic market would have zero economic profit in the long run that should be the same product and perfect information as the high prices would vary . Also it decreases the asymmetric information

Therefore as per the given situation, the correct option is A

User Beshio
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