Cleverness is not a primary concern when writing menu copy.
Answer:
B. the longrun profit would be negative.
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A firm would shut down in the short run if price is less than average variable cost and exit if it is making a loss
Regulatory capture. Regulatory capture is a form of government failure which occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate the industry or sector it is charged with regulating.
In an informational interview, the two actions which wil help you expand your professional network are: <span>B) Know what experience and skills you have that would make you a good fit for the position.
</span><span>E) Ask for names of other people that you could contact for informational interviews.
</span><span>Both these options reflect you as a person willing to develop in a chosen sphere so that you can stand as a suitable worker. A will to develop and finding new contacts is the best way for an employee to succeed.
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