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many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
Yes
yes it is
The general monopolistically competitive firm does earn profit. They earn point about as much as oligopolies.
The fur trade :)
Market research helps producers earn more profits.
Market research helps producers earn more profits.
Market research helps producers earn more profits.
Market research helps producers earn more profits.
Market research helps producers earn more profits ~
Credit card companies earn profits by charging interest.
Andrew Carnegie in steel and John D. Rockefeller in oil industry built fortunes by buying the competition, thus creating monopolies that could charge prices much higher than costs and earn large profits.
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
to earn profits
A bear speculator is a speculator who is wary of fall in prices and hence sells securities so that he may buy them at cheap price in future. If the prices move down as per the expectations of the bear he will earn profits out of these transactions.
Entrepreneurs were merchants who took risks in the hope of high profits.
yes, they dont work for free!