The table of cost information below represents costs facing

The table of cost information below represents costs facing a firm operating in a perfectly competitive market FC 0 ?? 20 20T 10 15 20 90 120 In the long run, this firm will be making profit O An unknown amount of O Negative O Zero O Positive

Solution

Answer is Zero.

Explanation:

In a long run, the perfectly competitive market will be earning zero economic profits.