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Does this firm earn positive or negative profits in the short run?
Wiki User
∙ 11y ago
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Wiki User
∙ 11y ago
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Can a monopoly earn economic profits in the short run?
yes it is
Which statements is true about profits in a monopolistically competitive market?
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
Can a monopoly earn economic profits in the long run?
Yes
In general monopolistically competitive frims earn profits?
The general monopolistically competitive firm does earn profit. They earn point about as much as oligopolies.
Price determination in perfect competition?
Price under perfect competition is determined by the forces of demand and supply of the industry. The price once fixed up by the industry is taken up by all the firms and the firm can sell any number of units at hat price.=The firm may earn normal profits, super normal profits in the short run whereas it earns normal profits in the long run.=
Can a monopoly earn economic profits in the short run?
yes it is
Which statements is true about profits in a monopolistically competitive market?
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
How do credit card companies earn profits?
Credit card companies earn profits by charging interest.
Why companies undersubscribed shares?
to earn profits
Merchants who took risks to earn high profits?
Entrepreneurs were merchants who took risks in the hope of high profits.
Does dentist earn profits?
yes, they dont work for free!
What is the use of assets to earn income or profits called?
investment
Is it true that entrepreneurs earn profits?
Some, but majority don't
Can a monopoly earn economic profits in the long run?
Yes
Why do businesses operate when not earning profits?
so that they can build up their systems so they earn more that then anables them to gain profits
In general monopolistically competitive frims earn profits?
The general monopolistically competitive firm does earn profit. They earn point about as much as oligopolies.
The Portuguese in Brazil hoped to earn great profits from the?
Production of sugar.
