LR Len Rosenthal (not verified) 7th March 2021 | 3:59pm On first reading, my thought was profits go to zero? How could the firm stay in business?. Why did the authors say this? If you said economic profits (in the long-run, then there is no problem. Reply
On first reading, my thought was profits go to zero? How could the firm stay in business?. Why did the authors say this? If you said economic profits (in the long-run, then there is no problem.