I’m working on a management writing question and need support to help me study.
In perfectly competitive markets long-term economic profit is zero. If so, why firms bother to enter such a market?PROFESSOR’S GUIDANCE FOR THIS WEEK’S LE:In a perfectly competitive market, there are no barriers to entry and firms can enter and leave the market depending on their profits.1. Please make sure that you read the relevant chapter from the textbook2. Watch the YouTube videos for this week and additional course material provideBe sure to proofread carefully (Use Grammarly – the premium version! Make sure your writing score is more than 90) and cite your sources (APA 7.0 ed).NOTE:post your 300-400 word
Offer at least two 100-200 word comments (replies) to posts from your peers’ discussions
you will be graded using the following rubric and standard
Requirements: post your 300-400 word Offer at least two 100-200 word comments (replies) to posts from your peers’ discussions you will be graded using the following rubric and standard