1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natalija [7]
4 years ago
6

A firm in a perfectly competitive industry in​ long-run equilibrium will earn normal returns and zero economic profit.

Business
1 answer:
mina [271]4 years ago
6 0

Answer:

This statement is true.

Explanation:

In a perfectly competitive market, there are a large number of firms in the market. There is no barriers to entry to exit in the market. The firms are producing homogenous products.

The firms in this market will earn positive profits in the short run as in short run, the firms can't enter the market.

In the long run, though the firms will be attracted to the positive profits earned by the existing firms to enter the market.

This will cause the supply in the market to increase, this increase in the supply will shift the supply curve to the left. This leftward shift in the supply curve will reduce the price of the product.

The market share and profits of the individual firms will decline. This will continue till the profits are reduced to zero.

You might be interested in
The overhead volume variance relates only to
Fofino [41]
D fixed overhead cost
5 0
3 years ago
A codec converts an incoming digital signal to an analog signal for transmission over an analog network. True False
Serhud [2]

Answer: false

Explanation: A code - decoder, or codec for short, is an algorithm that encodes data by decompressing data that is recieved, and compresses data for a faster transmission. Codecs are normally used to digitize video or audio signal for transmission. In electronics, a DAC, or digital - to - analog converter can be used to convert a digital signal to an analog signal over an analog network.

7 0
3 years ago
Thomas was thinking about the car he wants to buy in a few years. He does not know what he should do now so that he can buy the
Otrada [13]

Thomas needs to think what it is he needs to buy the car.  That is cash (money).  What does he need to do to get money? He needs a job.  Once he has a job and starts getting paid, he needs to SAVE the amount required for the down payment, unless he has the money to buy it cash! Meaning he can pay it in full.  If he is only paying for the down payment, then he needs to make sure he has good credit to qualify for a loan on the remaining balance.


All in all he needs a plan!

4 0
4 years ago
4. Firm E must choose between two alternative transactions. Transaction 1 requires a cash outlay of $9,000; this expense would b
Pie

Answer:

a. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 20%)

= $10,800

b. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 40%)

= $8,100

8 0
3 years ago
Which characteristics describe customers who are more likely to have high assets and medium-low debt?
Zielflug [23.3K]

Customers with credit cards with no balance are more likely to have high assets and medium-low debt.

<h3>What do you mean by Credit card?</h3>

A credit card is a small rectangular or metal piece of paper issued by a bank or financial services company, which allows cardholders to borrow money to pay for goods and services from merchants who accept cards to pay.

Customers who are more likely to have medium and low credit often use credit cards, but do not leave a balance. They also have a savings account and a retirement account.

Thus, Customers with have credit cards with no balance are more likely to have high assets and medium-low debt.

To learn more about credit card refer:

brainly.com/question/11199005

#SPJ2

7 0
3 years ago
Other questions:
  • When preparing for an emergency bioterrorism drill, the nurse instructs the drill volunteers that each biological agent requires
    9·1 answer
  • Lean AccountingCom-Tel Inc. manufactures and assembles two models of smartphones-the Tiger Model and the Lion Model. The process
    10·1 answer
  • Suppose the Fed purchases $100 million of U.S. securities from security dealers. If the reserve requirement is 20 percent, the c
    9·1 answer
  • Stevens Clothing Company has four warehouses spread throughout the country. The company is considering building another warehous
    14·1 answer
  • The typical result of monopoly is __________ prices and __________ output than we find in a competitive market.
    5·1 answer
  • There are benefits to having only permanent employees at a company, and there are benefits to replacing such employees with temp
    9·2 answers
  • Companies can issue different classes of common stock. Which of the following statements concerning stock classes is CORRECT?a.
    7·1 answer
  • Which of the following statements is true of activity−based ​costing?
    6·1 answer
  • Capital refers to a person's assets<br> True or False
    5·1 answer
  • Which of the market structures has unrestricted entry and exit, many sellers of the product and some ability to set the price?a.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!