What factors influence long run profit in perfect competition?

1 answer

Answer

1060201

2026-04-19 00:20

+ Follow

In perfect competition, factors that influence long-run profit include market demand, production costs, entry and exit of firms, and technological advancements. These factors can impact a firm's ability to earn profits over time in a competitive market environment.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.