Analytic time in the market period
In the market period: (w) price is constant. (x) output is constant. (y) supply is horizontal. (z) supply is completely elastic. Please guys help to solve this problem of Economics with some explanation.
In the market period: (w) price is constant. (x) output is constant. (y) supply is horizontal. (z) supply is completely elastic.
Please guys help to solve this problem of Economics with some explanation.
Into a stable competitive economy without innovation, transaction, or uncertainty costs, all accounting profits would be: (w) pure economic profits. (x) payments required to secure owner-provided resources. (y) pure e
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