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What conditions exist when economic profits are maximized?
Peak performance.
Supernormal profit of monopolistic competition?
In the short run, abnormal profits exist but in the long run, it gets eroded away because new firms enter the industry.
What statements is true about prophets in a monopolistically competitive market?
In a monopolistically competitive market, firms can earn short-term profits due to product differentiation and brand loyalty, but these profits attract new entrants, leading to increased competition. Over time, the entry of new firms drives prices down and erodes profits, resulting in a long-term equilibrium where firms earn normal profits. Thus, while prophets (or profits) exist temporarily, they cannot be sustained in the long run. Ultimately, firms in this market structure operate with some degree of market power but face the constant threat of competition.
Accounting profits are typically?
greater then economic profits,as accounting profits do not include implicit costs
How do you calculate economic profits?
Profits = revenues - expenses
What conditions exist when economic profits are maximized?
Peak performance.
What do you mean by profit making organisations?
For profit organizations that exist to make money as opposed to non profits who exist to meet a community need.
Supernormal profit of monopolistic competition?
In the short run, abnormal profits exist but in the long run, it gets eroded away because new firms enter the industry.
Advantages of capital from profits?
Amazon is a world full of profits, the most important thing is how to increase your profits, so I will introduce you to a tool that will double your profits for you to know more : snip.ly/tkynz2
Where is the company ''Marketing Concepts'' based?
Marketing Concepts is a company based out of the state of Minnesota. They exist with the primary purpose to help people in the commerce industry increase sales and profits.
Which is gramatically correct bottom-line profits or bottom line profits?
Bottom-line profits
Accounting profits are typically?
greater then economic profits,as accounting profits do not include implicit costs
If SmartShop's profits have been growing at 5 percent per year This year their profits were approximately 500000 What were their profits last year?
SmartShop's profits have been growing at 5% per year. This year their profits were approximately $500,000. What were their profits last year?
A small company had profits of 550000 last year This year their profits were only 484000 dollars What was the percent decrease in their profits?
The company's profits decreased by 12%
What were the profits of SmartShop if their profits have been growing at 5 percent per year and this year their profits were approximately 500000?
The answer depends on the period for which the old profits are required.
How do you calculate economic profits?
Profits = revenues - expenses
How we're small business in trusts treated unfairly?
They recieved few profits
