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Set forth an example of one fixed cost

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Think outside the box and text, etc., in your response to the following:

Set forth an example of one fixed cost that may very well remain fixed over the long run, and explain why it is a long run fixed cost.

Explain why economic profit for perfectly competitive firms is equal to zero in the long run?

In the real world, there are actually no such things as perfectly competitive markets. Is this a good thing or a bad thing for economic prosperity? Explain

Reference no: EM132499911

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