Long-Run Equilibrium Positions of Firm and Industry

• As all factors are variable in the long-run, firms can adjust its supply which affects the equilibrium price and quantity.

• New firms will be attracted to the industry if existing firms are making supernormal profit while existing firms that cannot cope with subnormal profit will exit from the industry.

• Eventually, in the long run, only efficient firms exist and will be earning normal profit as illustrated below.

Email based economics assignment help - homework help at TutorsGlobe

Are you searching economics tutor for help with Long-Run Equilibrium Positions questions?  Long-Run Equilibrium Positions topic is not easier to learn without external help?  We at www.tutorsglobe.com offer finest service of economics homework help and economics homework help. Live tutors are available for 24x7 hours helping students in their Long-Run Equilibrium Positions related problems. We provide step by step Long-Run Equilibrium Positions question's answers with 100% plagiarism free content. We prepare quality content and notes for Long-Run Equilibrium Positions topic under economics theory and study material. These are avail for subscribed users and they can get advantages anytime.

Why TutorsGlobe for homework help

• Higher degree holder and experienced tutors network
• Punctuality and responsibility of work
• Quality solution with 100% plagiarism free answers
• Time on Delivery
• Privacy of information and details
• Excellence in solving accounting questions in excels and word format.
• Best tutoring assistance 24x7 hours