Find adjustment process that drives economic profits to zero, Microeconomics

+44 141 628 6080
[email protected]

Find adjustment process that drives economic profits to zero

Explore why, in the long run, typical firms in perfectly competitive industries earn zero economic profit (or just a normal return on investment). What is the adjustment process that drives economic profits to zero? Why does this process not occur in less competitive industries?

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find adjustment process that drives economic profits to zero

Reference No:- TGS062205

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Calculation of marginal revenue

A perfectly competitive firm operating in the market depicted in graph (1) is producing 311 units of output at the profit-maximizing level. What is the marginal revenue of the 312th unit?

Q : Is probability distribution discrete or continuous

Suppose Babsie generated the following probability distribution: Is this probability distribution discrete or continuous? Explain your reasoning. Calculate the variance of X. Show your work

Q : Prepare the journal entry to record item

Purchased 500 shares of treasury stock at $43 per share. The treasury shares purchased were issued in 2003 at $40 per share. (a) Prepare the journal entry to record item 1.

Q : Maximum and minimum subscription price

Company A has announced a rights offer to raise $40 million for a new journal. The journal will review articles after the author pays a non-refundable reviewing fee of $5000 per page. The stock currently sells for $53 per share and there are 4.1 m

Q : Find adjustment process that drives economic profits to zero

What is the adjustment process that drives economic profits to zero? Why does this process not occur in less competitive industries?

Q : Size of the resulting deadweight loss

What would happen to consumer and producer surplus? How much money would the government collect due to the tax? What would be the size of the resulting deadweight loss relative to the competitive outcome? What would the Lerner Index for the monopo

Q : How firms in monopolistic competition differentiate products

Explore how firms in monopolistic competition differentiate their products or services to generate a market niche and therefore somewhat more control over their economic environment.

Q : How much is carried back or forward

Bronze company had operating profit of $75,000 ($125,000 operating income $50,000 operating expenses). In addition, Bronze had a short-term capital gain of $16,000 and a long-term capital loss of $31,000. How much of the long-term capital loss may

Q : What is the price level

Suppose that in year 2008, the money supply is $400 billion, nominal GDP is 9 trillion, and real GDP is $4 trillion. What is the price level? What is the velocity of money?

1949475

Questions
Asked

3,689

Active Tutors

1432025

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find adjustment process that drives economic profits to zero

Reference No:- TGS062205

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Calculation of marginal revenue

Q : Is probability distribution discrete or continuous

Q : Prepare the journal entry to record item

Q : Maximum and minimum subscription price

Q : Find adjustment process that drives economic profits to zero

Q : Size of the resulting deadweight loss

Q : How firms in monopolistic competition differentiate products

Q : How much is carried back or forward

Q : What is the price level

Examine historical literature to the most current period

Is lifespan psychologists are unlikely to investigate

Problem on journal articles and non-journal materials

Problem regarding the america youth and social media

Identify a specific theory of cognitive or moral development

Discussion about the nature versus nurture

Is early food experiences can impact development

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find adjustment process that drives economic profits to zero

Reference No:- TGS062205

Recent Questions Asked Microeconomics

Q : Calculation of marginal revenue

Q : Is probability distribution discrete or continuous

Q : Prepare the journal entry to record item

Q : Maximum and minimum subscription price

Q : Find adjustment process that drives economic profits to zero

Q : Size of the resulting deadweight loss

Q : How firms in monopolistic competition differentiate products

Q : How much is carried back or forward

Q : What is the price level

Asked Questions