What happens to abnormal profits in the long run, Microeconomics

+44 141 628 6080
[email protected]

What happens to abnormal profits in the long run

Problem

1. What is a locative efficiency?

2. Why does an individual firm face a totally elastic demand at one price in perfect competition?

3. What happens to abnormal profits in the long run in perfect competition?

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

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What happens to abnormal profits in the long run

Reference No:- TGS02952161

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Problem regarding the america youth and social media

Think about where you were the most and least engaged when reading a classmate's draft. Think about what captured your attention

Why you feel unpleasantly hot and sweaty

Working in the yard, you feel unpleasantly hot and sweaty when you come in the house, so you take a shower and begin to feel better.

What is a behavioral indicator related to family

Which of the following is a behavioral indicator related to Family? A) Developing school readiness and transition strategies B) Developing collaborative

Examine historical literature to the most current period

Examine historical literature to the most current period to see the growth of romanticism and EXISTENTIALISM. any major developments

Provide reasons why working from a person centred

Provide five (5) reasons why working from a person centred, strengths-based positive framework, and providing positive lifestyle strategies can reduce

Outline a social issue that is important to you

Outline a social issue that is important to you. Describe why it is important to you, why it is important from a societal perspective and how you think

Discussion about gender stereotyping

Prior to your taking this graduate HR law class you had heard of the term "gender stereotyping," but didn't know much about it.

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What happens to abnormal profits in the long run

Reference No:- TGS02952161

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Give an example of a trading economy of scale

Q : How has the government helped small firms

Q : What are the main assumptions of perfect competition

Q : Describe about multicultural educaton

Q : What happens to abnormal profits in the long run

Q : In which market is the firm a price maker

Q : Describe the demand curve in a competitive oligopoly

Q : What is the main type of competition in an oligopoly

Q : What roles do families play in early childhood environment