Talk:Competition (economics)

From Wikipedia, the free encyclopedia

WikiProject Economics	(Rated Start-Class)	EconomicsWikipedia:WikiProject EconomicsTemplate:WikiProject EconomicsEconomics articles
Business and economics portal v • d • e This article is within the scope of WikiProject Economics, a collaborative effort to improve the coverage of Economics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.  Start  This article has been rated as Start-Class on the project's quality scale.  High  This article has been rated as High-priority on the project's priority scale.

[edit] ?

Can competition-based market structures earn economic profits in the long run? Mathwhiz 29 (talk) 05:21, 7 January 2008 (UTC)

Even perfectly compeitive markets will return a profit over any time horizon, but it will be smaller and fairer than one accruing under a monopoly. in economics profit is the return on entreprise, a factor of production, thus if there are no profits to be made no entrepreneurs will produce that good or service. Thus profits are part of a signalling system that allocates resources.AleXd (talk) 12:23, 7 January 2008 (UTC)

Thanks :) Mathwhiz 29 (talk) 22:29, 10 January 2008 (UTC)

I thought in the long run profits were always zero, while revenue wasn't necessarily 0. --146.163.44.228 (talk) 23:41, 25 March 2008 (UTC)