Why would anyone run a business if he couldnt make a profit, Mathematics

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Why would anyone run a business if he couldnt make a profit

"Why would anyone run a business if he couldn't make a profit?" This is a frequent response to economists' idea that all firms in a particular market make zero "economic profits."

a. In your own words, explain what economists mean by zero economic profits and why an entrepreneur would choose to operate a perfectly competitive business.

b. Explain why perfectly competitive firms are assumed to make zero economic profits in the long run.

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Mathematics: Why would anyone run a business if he couldnt make a profit

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