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A purely competitive firm is precluded from making economic profit in the long run because?
Wiki User
∙ 12y ago
it is a price taker
Wiki User
∙ 12y ago
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If competitive industry Z is making substantial economic profit output will?
if competative industry z is making substantial economic profit, output will:
Can a monopolistic competitive firm earn long run profit?
In the long run, if a firm is making a profit more firms will enter. This will cause profit to drop. Firms will eventually drop out because of this and economic profit will makes it way to zero(a result of the invisible hand).
How might economic specialization have increased the making of status and other works of art?
economic specialization focused on making of statues and other form of arts at ancient time. The arts became popular because of great artists at ancient time. That's why economic specialization have increased the making of statues and other works of art.
How might economic specialization have increased the making of statues and other works of art?
economic specialization focused on making of statues and other form of arts at ancient time. The arts became popular because of great artists at ancient time. That's why economic specialization have increased the making of statues and other works of art.
How might the economic specialization have increased the making of statues and other works of art?
economic specialization focused on making of statues and other form of arts at ancient time. The arts became popular because of great artists at ancient time. That's why economic specialization have increased the making of statues and other works of art.
If competitive industry Z is making substantial economic profit output will?
if competative industry z is making substantial economic profit, output will:
Can a monopolistic competitive firm earn long run profit?
In the long run, if a firm is making a profit more firms will enter. This will cause profit to drop. Firms will eventually drop out because of this and economic profit will makes it way to zero(a result of the invisible hand).
Which sports did women participate in?
Competitive sandwich making
Why are wage rates generally very low in the Philippine?
Is is because the Philippines wage policy are based by the principle of making the country into a more competitive by making the wages as low as possible. -PS21
How might economic specialization have increased the making of status and other works of art?
economic specialization focused on making of statues and other form of arts at ancient time. The arts became popular because of great artists at ancient time. That's why economic specialization have increased the making of statues and other works of art.
How might economic specialization have increased the making of statues and other works of art?
economic specialization focused on making of statues and other form of arts at ancient time. The arts became popular because of great artists at ancient time. That's why economic specialization have increased the making of statues and other works of art.
How might economic specialization have increased the making of statues and other work of art?
economic specialization focused on making of statues and other form of arts at ancient time. The arts became popular because of great artists at ancient time. That's why economic specialization have increased the making of statues and other works of art.
How might the economic specialization have increased the making of statues and other works of art?
economic specialization focused on making of statues and other form of arts at ancient time. The arts became popular because of great artists at ancient time. That's why economic specialization have increased the making of statues and other works of art.
What are the economic tools of managerial decision making?
what are the economic tool which help manager in decision making
Why have writers to bills become an economic burden on American taxpayers?
because they will keep on making the collage then they sell
How might economic specialization have increased the making of statues and other art works of art?
economic specialization focused on making of statues and other form of arts at ancient time. The arts became popular because of great artists at ancient time. That's why economic specialization have increased the making of statues and other works of art.
Which sports did women first participate in?
Competitive sandwich making
