Solved: How do perfectly competitive firms adapt to market changes, Microeconomics

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How do perfectly competitive firms adapt to market changes

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Respond to the following in a minimum of 175 words:

Compare ?the short run and long run for perfectly competitive firms. How do perfectly competitive firms adapt to market changes in the short run? What can perfectly competitive firms expect in the long run in terms of profits?

The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.

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Microeconomics: How do perfectly competitive firms adapt to market changes

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