Zero-profit condition
id:
zero-profit-condition-268-17744090
title:
Zero-profit condition
text:
In economic competition theory, the zero-profit condition is the condition that occurs when an industry or type of business has an extremely low (near-zero) cost of entry to or exit from the industry. In this situation, some firms not already in the industry tend to join the industry if they calculate that they will make a positive economic profit. More and more firms will enter until the economic profit per firm has been driven down to zero by competition. Conversely, if firms are making negati
brand slug:
wiki
category slug:
encyclopedia
description:
Economic phenomena
original url:
https://en.wikipedia.org/wiki/Zero-profit_condition
date created:
date modified:
2023-12-05T16:19:47Z
main entity:
{"identifier":"Q8069457","url":"https://www.wikidata.org/entity/Q8069457"}
image:
fields total:
13
integrity:
14