which market has character of ' super Normal profit ' ?
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Explanation:
NaCl + H2O + CO2 + NH3 ------- NH4Cl + NaHCO3. ... NaCl is basic salt as it gives NaOH when dissolve in water
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Answer:
Equilibrium in perfect competition
Under perfect competition, firms can make super-normal profits or losses. However, in the long run firms are attracted into the industry if the incumbent firms are making supernormal profits. This is because there are no barriers to entry and because there is perfect knowledge.
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