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Romashka-Z-Leto [24]
2 years ago
6

In a perfectly competitive market, a firm operating in the long run is forced by competition to adjust its scale of operation:__

____.
Business
1 answer:
Radda [10]2 years ago
4 0

A company that operates over the long term in a perfectly competitive market is compelled by competition to change its scale of operation until average cost is minimized.

More about perfectly competitive market:

In a market structure known as perfect competition, numerous businesses sell comparable goods while making almost little profit because of the intense competition.

A market that is perfectly competitive is one in which all enterprises sell the same good and where there are no barriers to entry or leave. The existence of several enterprises and the homogeneity and uniformity of the products are essential elements of perfect competition.

Learn more about perfect competition here:

brainly.com/question/10931687

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What is a product item?
Vsevolod [243]

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Explanation:

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5 0
2 years ago
Which of the following phrases might be useful in writing the purpose statement for your formal report? Check all that apply. Th
Elina [12.6K]

Answer:

Hi

The report is a text written in prose with the objective of informing a specific reader or readers about the specific events or activities. The purpose of the report is to inform. However, the reports may include persuasive elements, such as recommendations, suggestions or other conclusions that indicate possible future actions that the reader of the report could take. It must have the following characteristics:

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Explanation:

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