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In most places it is considered gambling and is illegal. Not for profit organizations can obtain permits from the state to run a lottery.
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∙ 14y ago
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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).
Policies on profit maximization?
Profit maximization is a short run or long run process which a firm determines the price and output level that returns the greatest profit. The total revenue-total cost perspective is based on the fact that profit equals revenue minus cost and focuses on maximizing this difference.
What are the characteristics of a free- enterprise system?
Private ownership individual initiative profit competition
What are the charms of being entrepreneur?
You can run your own buisness and get a lot of the profit.
What kind of a profit is earned by perfect competition in the long run?
In the long period, economic profit cannot be sustained. The arrival of new firms or expansion of existing firms (if returns to scale are constant) in the market causes the (horizontal) demand curve of each individual firm to shift downward, bringing down at the same time the price, the average revenue and marginal revenue curve. The final outcome is that, in the long run, the firm will make only normal profit (zero economic profit).
What do NH Retailers make off of lottery tickets?
They maximize profit
Could the lottery run out of OMR?
no
Can foreigners play the lottery?
All foreigners can play the lottery unless they are a terrorist or a criminal
Australia Lottery name of winner?
There is a scam being operated that makes mention of the Australian lottery. There is no such thing, as lottery's in Australia are run by the states
What is sole trading concern?
single ownership or sole trading concern is run by an individual who enjoys the all profit and bears the all losses
Could the national lottery run without OMR?
no
What is the type of profit earned by eskom in the long run?
Eskom makes normal profit in BB the long run
What is the difference between non profit hospitals and for profit hospitals?
What is difference between trust run and for-profit hospitals
Is online lottery legal in Andhra Pradesh?
Most forms of lottery are illegal in the state of Andhra Pradesh. However, horse racing, rummy and state run lottery is allowed within Andhra Pradesh.
How many not-for-profit hospitals in the US?
There are approximately 3,900 not for profit hospitals in the United States. A not for profit hospital is run like a non profit corporation.
What type of profit earned by eskom?
what is the type of profit which is earned by Eskom in the ling run
What type of profit is earned by eskom?
what is the type of profit which is earned by Eskom in the ling run
