Economic profit in Long Run Flashcards
1
Q
Perfect Competition
A
=0
2
Q
Monopolistic Competition
A
=0
3
Q
Oligopoly
A
=0
4
Q
Pure Monopoly
A
> 0 =0
Perfect Competition
=0
Monopolistic Competition
=0
Oligopoly
=0
Pure Monopoly
> 0 =0