Answer:
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The sample space of the experiment is the elements in the set
The sample space {Head, Tail} and there are 2 outcomes in the sample space
<h3>How to determine the sample space?</h3>
From the complete question, the experiment is a toss of a coin
A coin has a head and a tail.
So, the sample space (S) is:
S= {Head, Tail}
The number of outcomes in the above sample space is 2
Hence, the sample space {Head, Tail} and there are 2 outcomes in the sample space
Read more about sample space at:
brainly.com/question/2117233
Answer:
study, focus, avoid ditraction i think, etc
Explanation:
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In perfectly competitive markets, firms in the market in the long-run, will earn zero economic profits.
<h3>What economic profits are earned in a perfectly competitive market?</h3>
In the short-run, there is a chance to earn a positive economic profit in a perfectly competitive market but this would then attract other companies into the market to make profits as well.
This then leads to the profits disappearing thanks to increased supply and lower prices. Companies would then leave and enter to either take advantage of profits or stop losses thereby keeping economic profits at zero in the long run.
Find out more on perfectly competitive markets at brainly.com/question/15712381
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