Can it earn zero profits in a competitive economy

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How can the existence of fixed costs be incorporated into the production set diagram? After paying its fixed costs a firm has constant returns to scale. Can it earn zero profits in a competitive economy?

Reference no: EM131204590

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Can it earn zero profits in a competitive economy : How can the existence of fixed costs be incorporated into the production set diagram? After paying its fixed costs a firm has constant returns to scale. Can it earn zero profits in a competitive economy?

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