Learning Engagement 5

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.

Be 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 answers earn a maximum of 14 points.
Offer at least two 200-300-word comments (replies) to posts from your peers’ discussions by earn a maximum of 8 points each