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timurjin [86]
3 years ago
5

Which of the following statements is (are) TRUE?

Business
1 answer:
Ede4ka [16]3 years ago
4 0

Answer:

III. If a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

Explanation:

A perfect competition is characterised by many buyers who sell homogenous products.

All firms in a perfect competition earn zero economic profit in the long run because there are no barriers to entry or exit.

In the long run, equilibrium occurs at: P = LMC = LATC

If demand falls, prices would fall below average total cost and the firm would earn negative profit .

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Answer:

the correct answer is Building materials

Explanation:

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good luck

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3 years ago
Why is it difficult for the federal government to increase or decrease spending
vovangra [49]

Answer:

here you go bruv

Explanation:

The New York Times published a chart today that succinctly explains why it is so hard to cut the federal government's spending: the programs that people want to cut don't cost very much, and the programs that cost a lot people don't want to cut.

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Karolina [17]

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3 years ago
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noname [10]

Answer:

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In companies that manufacture products or are dedicated to the provision of services, marketing directors have to decide the best way to promote themselves to increase sales. Marketing departments are often involved in different aspects of this process, from advertising market research, to public relations, events and sponsorships.

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