tag:blogger.com,1999:blog-1740670447258719504.post534148716696791311..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: One more point on perfect competition (and why I think Don Boudreaux has been so confusing)Evanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1740670447258719504.post-32428806486645574132013-11-03T15:58:30.726-05:002013-11-03T15:58:30.726-05:00Caveat - depending on whom you talk to, homogeneou...Caveat - depending on whom you talk to, homogeneous firms may not be an essential part of the perfect competition story. It probably isn't an essential part of the story in this context. If firms are heterogeneous, only the marginal firm(s) earns zero economic profit. All the others still earn economic profit.Ryanhttps://www.blogger.com/profile/18341935691462262579noreply@blogger.com