In the long run, a firm in perfect competition earns _____________ | Faculties

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Mr. Dubey

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📊 Fundamentals of Economics

Q. In the long run, a firm in perfect competition earns _____________

(A) normal profit only
(B) abnormal profit
(C) average profit of past 5 years
(D) 12.33 per cent profit on capital employed

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✅ Correct Answer: (A) normal profit only

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