A firm will only earn normal profit in the long run a if, Ask an Expert

Accounting

A firm will only earn normal profit in the long run:

a) if firms can freely enter or leave the market

b) if firms do not try to maximize profit

c) only if the industry is perfectly competitive

d) whenever products are not differentiated

e) if barriers to entry exist

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9411232

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