Answer:
When the economy reaches full real output, there is no spare capacity left and therefore as real output increases, the price level will increase. There are no workers left in the economy as full employment is reached.
Answer:
b. some firms exit, industry supply decreases, market price rises.
Explanation:
A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.
If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.
I hope my answer helps you
Answer:
Which pharmaceuticals company has decided to expand its vaccine business in the United Kingdom with an investment of £240 million?
answer= B.) Serum Institute of India
fixed-ratio, the discount is fixed ( a free coffee) and the number of cofees is fixed 10
