Answer:
The correct answer is option B.
Explanation:
In a competitive industry there is no restriction on entry or exit of firms in the market. So, when in the short run the firms are enjoying super normal profits or positive economic profits, this would attract potential firms to join the industry in the long run.
As a result the industry supply will increase in the long run. The increase in supply would cause the price to fall. This would further contribute in reducing revenue and profit.
This process will continue till the profit is reduced to zero. If profit falls below zero, then firms incurring loss will exit the industry. Then again zero profits will be restored by reduction in supply and increase in price.
So, we can say that perfectly competitive firms will have zero economic profits or only normal profits in the long run.
Answer:
price. is the answere I am almost certain
To pay the bill by credit card when the bill was not entered through the enter bill window -The pay bill windows on the Home window are used to pay a bill by credit card.
Write check window is used to pay sales tax,payroll taxes and when paying bill track with accounts payable.
Credit cards let you borrow money from a bank below the agreement that you will pay off it by way of your bill's due date or incur interest fees.
A credit card is a kind of credit facility, provided through banks that allow customers to borrow finances inside a pre-authorized credit score restriction. It enables clients to make buy transactions on goods and services.
A credit score card loan works like a personal mortgage from a bank, with cash deposited at once into your financial institution account and repaid in month-to-month installments.
Learn more about credit card here: brainly.com/question/6872962
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If one tail is longer than another, the distribution is skewed. These distributions are sometimes called asymmetric or asymmetrical distributions as they don’t show any kind of symmetry.
A left-skewed distribution has more values on the left of the distribution.
When negative externalities exist, an unregulated market will produce too much of the good and the price will be low when compared to the efficient level of production.
<h3>What is a negative externality?</h3>
This is type of externality that occurs when the production or the consumption of a good brings about extra costs for another party.
When this is the case, then it may result in one party having benefits and the other party suffering for the benefits.
Read more on externalities here: brainly.com/question/4326646
