Homework Answers
Here, option A is correct.
Becuase in long run, in perfectly competitive there is no barriers to entry and exit of firms. And if all the firms are facing loss in short run then in long run, the firms will exit the industry and hence, zero economic profit.
And if firms are earning positive profits then new firms will enter into the industry in long run. Again leading to zero economic profits.
Hence option A is correct. That individual will make zero economic profit.
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