Explain what will happen to the profit of the firm

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Question: Give an example of your own of a firm in a perfectly competitive market. Explain why you think the firm of your choice falls under that category. Explain what will happen to the profit of the firm in the short-run as well as in the long-run. Also, if you choose to open your own business, would you consider going into a business that operates under a perfectly competitive market? If yes, why? If no, why not? Explain.

Reference no: EM133531531

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