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It is only excess profits that are wiped out by comp

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It is only excess profits that are wiped out by comp competition. Mangers get paid for their work, owners get a normal return on capital in competitive long run equilibrium no more, no less

Reference no: EM132518024

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It is only excess profits that are wiped out by comp : It is only excess profits that are wiped out by comp competition. Mangers get paid for their work, owners get a normal return on capital in competitive long run
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