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aksik [14]
3 years ago
11

In​ long-run equilibrium, all firms in the industry earn zero economic profit. Why is this​ true? All firms in perfectly competi

tive industries earn zero economic profit in the long run because A. firms are price​ takers, maximizing profit by producing where total revenue equals total cost. B. if profit were​ positive, then firms would produce more​, increasing ​price, and if profit were​ negative, then firms would produce less​, decreasing price. C. firms are price​ takers, maximizing profit by producing where price equals marginal cost. D. if profit were​ positive, then firms would​ enter, decreasing​ price, and if profit were​ negative, then firms would​ exit, increasing price. E. barriers to entry and exit prevent firms from earning positive or negative economic profit.
Business
1 answer:
zvonat [6]3 years ago
8 0

Answer:

D. if profit were​ positive, then firms would​ enter, decreasing​ price, and if profit were​ negative, then firms would​ exit, increasing price.

Explanation:

Perfectly competitive firms are price takers, hence they cannot influence the price of their products.

Perfectly competitive industries have no barriers to entry or exist of firms ,so if in the short run, firms are earning economic profit, then firms would​ enter into the industry , decreasing​ price, and if profit were​ negative, then firms would​ exit, increasing price. This makes perfect competitive firms to earn zero economic profit in the long run.

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Google ads was designed to deliver three things to every advertiser_______.
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Answer:

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The total of paul's taxable gifts, assuming he does not elect gift splitting with his spouse, subject to the unified transfer ta
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4 0
1 year ago
In the course of creating an effective business message, excellent business thinkers are most likely to
Irina18 [472]

Answer:

a) make well-reasoned conclusions and solutions ; & b) begin jotting down a rough draft right away to capture their ideas.

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Effective Business message should be - complete, clear, concise, concrete, correct, courteous, coherent.

Rough draft is good for brainstorming & initial preliminary creation stage of business message. After having a bunch of ideas : its important to well arrange them in a coherent, clear way & giving complete, concise structure. This implies better understanding of conclusions, solutions.

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3 years ago
A ___________ jury is one whose members are irreconcilably divided.
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<span>A hung jury is one whose members are irreconcilably divided.
In hung jury the members are </span>irreconcilably divided in their opinions that they cannot reach a verdict (a formal decision that was made by the jury) or we can say that they can't concur upon a decision after stretched out thought and can't achieve the required unanimity or super-majority, hung jury is also known as deadlocked jury.
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3 years ago
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