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.
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Answer:
intelligence and creativity
The statement which states that "behavioral marketing and customer segmentation can help you rectify your mistakes and rebuild trust effectively" is TRUE.
<h3>What is Customer Segmentation?</h3>
Customer segmentation can be defined as the process of classifying customers with common characteristics into groups based on the shared characteristics in other for a company to be able to effectively market or meet the needs of each market segment effectively.
Customer segmentation and behavioral marketing enable the company to understand the needs of a market and thereby build trust.
Therefore, the statement which states that "behavioral marketing and customer segmentation can help you rectify your mistakes and rebuild trust effectively" is TRUE.
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The statement about synonyms which is correct is: Synonyms are words with the same connotative meanings.
What is a synonym?
A synonym can be defined as a word that has the same connotative meaning with another word or group of words.
This ultimately implies that, synonyms are group of words that are having exactly the same meaning and as such can be used interchangeably.
In English language, some example of synonyms include the following:
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The correct answer is d hope i could help
