Why does a competitive firm receive zero economic profit in the long run?
| December 24, 2020 | education
Because the manufacturing company has time to improve its products, purchase new equipment and retrain employees.
One of the components of a person's success in our time is receiving modern high-quality education, mastering the knowledge, skills and abilities necessary for life in society. A person today needs to study almost all his life, mastering everything new and new, acquiring the necessary professional qualities.
