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:
D. All of the above
Explanation:
If you were to look at the art forms of the 15th century, we see quite a bit of all three style(murals, frescos, and sculptures), this was the renissance period after all. Hope this helps!
We are looking for the value of the second integer, so let's mark it as X.
Then three consecutive integers are : (x-1) , x , (x+1)
The sum of the first and the third integers (X-1) + (X+1)
Five less than three times the second integer 3X - 5
Now we can write an equation and solve it for X
(X-1)+(X+1)= 3X - 5 simplifying left part
2X = 3X -5 subtract 2X from both sides
0 = X-5
X=5
SO THREE CONSECUTIVE INTEGERS ARE 4, 5, 6
