Econ 4th Edition (ZeroEconomic Profits in Long Run) Why is there no economic profit for perfectly competitive fimis in the long run? Why is there no economic loss?

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(Zero Economic Profits in Long Run) 

Why is there no economic profit for perfectly competitive firms in the long run? Why is there no economic loss?

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    (Zero Economic Profits in Long Run) Why is there no economic profit for perfectly competitive firms in the long run? Why is there no economic loss?
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