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Are profitable firms necessarily efficient firms?
yes
Why do small firms continue to exist despite the issue of competition?
why do small firms continue to exist despite competition from large firms
What factors leads to zero profits for firms in the long run in a perfectly competitive market?
A perfectly competitive market is a market that is classified by many firms, with homogeneous products, since there are so many firms and consumers (buyers and sellers) each is a price-taker, meaning they have no control over what the price is. firms as a result set price to the marginal cost, which is the marginal revenue which is also the wage.. If there are profits in the short run due to differences in capital, (in the short run, capital stock is fixed), ability of firms to produce at different quantities is apparent. However over the long run, firms are able to make all costs variable, meaning they can change their capital and labor stock in order to become more efficient. These changes result in higher efficiency, and an eventual drop in price where p=mr. There are no profits in long run.
Do firms operate at optimal scale?
do firms operate at optimal scale
Who recommended that American firms adopt a new management style that was a hybrid of the approaches used by Japanese firms and those used by American firms?
William Ouchi
How many firms made flatgoods in 1972?
Approximately 244 firms were classified as manufacturers in this industry in 1972
How many firms made flatgoods in 1987?
Approximately 208 firms were classified as manufacturers in this industry in 1987
Why Founders shares are a type of classified stock where the shares are owned by the firms founders and they generally have more votes per share than the other classes of common stock?
They wanted a gold toilet
How many firms are traded on the FTSE?
There are approximately 1700 firms traded on the FTSE. The number of firms traded changes daily. New firms are added as some firms drop off the exchange.
Are profitable firms necessarily efficient firms?
yes
What are the factors affecting market structure?
Market structure is influenced by several key factors, including the number of firms in the industry, the type of products offered (homogeneous or differentiated), the ease of entry and exit for new firms, and the degree of market power held by individual firms. Additionally, consumer preferences, technological advancements, and regulatory policies can significantly shape the competitive landscape. The interplay of these factors determines whether a market is classified as perfect competition, monopolistic competition, oligopoly, or monopoly.
Why big accounting firms carry out superior audits than small and medium accounting firms?
accounting firms carry out superior audits than small accounting firms
Why big accounting firms carry out superior audits than medium and small accounting firms?
accounting firms carry out superior audits than small accounting firms
What are the Appliance repair firms tax consultants law firms and insurance companies are all business firms that are part of the?
Service Sector
Why do small firms continue to exist despite the issue of competition?
why do small firms continue to exist despite competition from large firms
Where can one find security management jobs in Texas?
One can find security management jobs in Texas by looking at the classified ads in the newspaper. Jobs can also be found on security firms websites and job search websites such as Indeed.
What factors leads to zero profits for firms in the long run in a perfectly competitive market?
A perfectly competitive market is a market that is classified by many firms, with homogeneous products, since there are so many firms and consumers (buyers and sellers) each is a price-taker, meaning they have no control over what the price is. firms as a result set price to the marginal cost, which is the marginal revenue which is also the wage.. If there are profits in the short run due to differences in capital, (in the short run, capital stock is fixed), ability of firms to produce at different quantities is apparent. However over the long run, firms are able to make all costs variable, meaning they can change their capital and labor stock in order to become more efficient. These changes result in higher efficiency, and an eventual drop in price where p=mr. There are no profits in long run.
