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

Teaching an adult client with type 1 diabetes mellitus

The nurse is teaching an adult client with type 1 diabetes mellitus about the need for eye examinations.

Outcome of the pregnancy of an adolescent client

Question: Which factor may have a permanent effect on the outcome of the pregnancy of an adolescent client?

Teaching regarding the use of oral contraceptives

Question: Which statement confirms the client understands the teaching regarding the use of oral contraceptives?

Problem concerning antibody screening test

At her first prenatal clinic visit, a primigravida has blood drawn for a rubella antibody screening test, and the results are positive.

Client has suffered a head injury

The nurse is admitting a client into the emergency room who has suffered a head injury. Which of the following assessment findings would indicate

Patient with advanced cancer has several morphine orders

A patient with advanced cancer has several morphine orders to manage pain. There is a continuous infusion ordered to run at 6 mg per hour

Client undergoes a modified radical mastectomy

A 36-year-old client undergoes a modified radical mastectomy. The nurse determines that the client understands the schedule for self-examination

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