7 ms·
If this were true, wouldn’t all corporate profits be next to zero as companies compete on the slimmest possible margins?
by BreakfastB0b 3y ago
If this were true, wouldn’t all corporate profits be next to zero as companies compete on the slimmest possible margins?
- silisili 3y agoYes, this is what econ 101 teaches, or did when I was in school. See: https://en.m.wikipedia.org/wiki/Zero-profit_condition https://en.m.wikipedia.org/wiki/Zero-profit_condition https://en.m.wikipedia.org/wiki/Perfect_competition https://en.m.wikipedia.org/wiki/Perfect_competition