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
#SPJ1
Answer:
<h2>hope my answer helps mark me brainliest </h2>
Explanation:
<h2>One consequence of the social problem on the individual is Poverty. Explanation: Social problems are those problems faced by the society as a whole due to various factors like unemployment, political instability, economic problems, social status, inequality, religion, caste, race, social disorganisation, and many more. Additionally, inadequate or unsanitary living conditions can contribute to the spread of disease, which adds to health care costs, prevents individuals from working and threatens the well-being of community members</h2>
The species of butterfly that is shown is; Papilio polyxenes.
<h3>What are the species of butterflies?</h3>
Butterflies usually are identified by the colors and patterns shown on their wings. However, for us to identify an organism using a dichotomous key, we must compare the traits of the organism to the first pair of descriptive statements on the key as follows;
1) A swallowtail butterfly is either classified as Papilio glaucus ( where the wings are mainly yellow) or Papilio polyxenes(where the wings are mainly black)
Now, the image of the butterfly given shows that the wings are mainly black, and as a result, we will say that the butterfly specie is called Papilio Polyxenes.
Read more about species of butterflies at; brainly.com/question/16678828