I'm confused on your question. Were 8 men randomly selected. Or 8 men randomly selected from "Football Fantasy XIV". In that case it would be all of them. But using 8 men*.65= 5.2. So it's gotta be 5 outta 8 men who think they be all knowing in fantasy football. I'm sorry lol I was confused I hoped I helped. Have a good day.
In perfectly competitive markets, firms in the market in the long-run, will earn zero economic profits.
<h3>What economic profits are earned in a perfectly competitive market?</h3>
In the short-run, there is a chance to earn a positive economic profit in a perfectly competitive market but this would then attract other companies into the market to make profits as well.
This then leads to the profits disappearing thanks to increased supply and lower prices. Companies would then leave and enter to either take advantage of profits or stop losses thereby keeping economic profits at zero in the long run.
Find out more on perfectly competitive markets at brainly.com/question/15712381
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