What is the zero profit theorem explain briefly suppose a, Business Economics

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What is the zero profit theorem explain briefly suppose a

a. What is the Zero profit Theorem? Explain briefly.

b. Suppose a grocer in a growing neighborhood comes to enjoy large eco nomic profit by virtue of his special location, which is not available to competing stores. If no new firm can locate nearby, it would seem the theorem might not apply. Does it? Explain.

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