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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A. Partnership
Not sole proprietorship (more than one person)
Not corporation
Answer:
put some rice in a pot
Then mix it up with some sauce
pour in some dirt
and you'll get some sweet plant
Answer:
<h2><u>
Answers which apply </u></h2><h3>
<u>The ozonosphere:</u></h3>
-is made of O3
-heats the air in the stratosphere
-absorbs ultraviolet rays from the sun
<u>note </u>: the ozonesphere is part of the stratosphere not the thermosphere.
: the mesophere is extremely cool/cold
