Question

Which characteristics make it so that perfectly competitive firms and monopolistically competitive firms have zero economic profit in the long run?

Answer 1

Answer:

A.  Homogeneous product and perfect information

Explanation:

The characteristics in which the perfectly competitive market and the monopolistic market would have zero economic profit in the long run that should be the same product and perfect information as the high prices would vary . Also it decreases the asymmetric information

Therefore as per the given situation, the correct option is A