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Natalija [7]
3 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]3 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.

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The Town of Little River expects to collect $90,000 in sales tax from the state government within 30 days of the end of fiscal y
dimaraw [331]

Answer:

D. Due from state government 90,000 Revenues control 90,000

Explanation:

Since the town of little river still expects to collect $90,000 in sales tax from the state government within 30 days after then end of fiscal year 2020 for retail sales taking place in fiscal year 2020 but have not yet received the cash or amount, it will be entered into the account as Due from state government $90,000. Money is due because as stated earlier, the little town isn't receiving it during that fiscal year but rather within 30 days after the fiscal year. It would also be entered as revenue control of $90,000.

6 0
3 years ago
The purpose of domains in a typical IT infrastructure is to: a. help organize the roles, responsibilities, and accountabilities
sergey [27]

Answer:

a. help organize the roles, responsibilities and accountabilities for risk management and risk mitigation.

Explanation:

Domain connects remote users to the organization network. It helps host to define the access to specific user. Domain holds all the critical information and data in the system. It defines the roles and responsibilities for risk mitigation.

6 0
3 years ago
A country that has a highly specialized economy is most likely to experience
bazaltina [42]

It does not produce all the essential goods its people need would be the correct statement.

<h3>What is a specialization economy?</h3>

Specialization economy is the economy, which focus only on one task rather on focusing so many tasks in a single time.

It is one of  the most efficient economy, because it consumes very less money and time in the manufacturing of the goods.

The specialization economy may also benefits in the international trade.

Learn more about the specialization economy here:-

brainly.com/question/4143783

#SPJ1

4 0
2 years ago
Copland submitted a piece for radio broadcast on cbs radio. it eventually became titled:
Dima020 [189]
The answer is that it eventually became titled as Prairie Journal.
CBS Radio stands for Columbia Broadcasting System radio and within CBS Corporation it is one of the oldest units. <span>The company was founded in 1972  that would become CBS Radio and it was founded as </span>Infinity Broadcasting Corporation.
3 0
4 years ago
Who want to be my crush
Nataly_w [17]

Answer:

me

Explanation:

!!!!!!!!!!

only if your a boy

3 0
3 years ago
Read 2 more answers
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