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Lyrx [107]
3 years ago
9

​Suppose a perfectly competitive firm and industry is in long-run equilibrium and the firm earns an economic profit in the short

run. Which of the following is likely to occur in the long run?
​The market supply curve will shift to the right, and the market price will decrease.​price exceeds average variable cost.​an economic loss.
Business
1 answer:
marin [14]3 years ago
5 0

Answer:

The market supply curve will shift to the right, and the market price will decrease.​

Explanation:

The economic profit attracts new firms in the market which increases the supply in the market so the price decreases and the quantity increases, the market firms will increases up to the economic profit equal to zero so in long run the firms earn zero economic profit.

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<h3>What are the core values in a company?</h3>

The fundamental values of a company are the purposes that guide the attitudes of all members of the company. Additionally, these values are related to the common objectives, mission and vision of a company.

In the case of Ikea, it is a company that emerged in Sweden that has led the market for the sale of furniture and other household items that has stood out for its business values.

Among the most outstanding values of Ikea are:

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Note: This question is incomplete because the options are missing. Here are the options:

A. Core values.

B. Missions.

C. Strategies.

D. Competencies.

E. Competitive Advantages.

Learn more about Ikea in: brainly.com/question/13991097

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malfutka [58]
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A worker received $5 for a daily wage in 1930, which has the equivalent value of $63.24 today. if the cpi was 17 in 1930 what is
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Payroll record is a record in an organization showing the list of employees in that organization along with payments due to every employee in the organization for a specific pay period. It shows the number of hours worked, average pay rates, and deductions for each employee present in the organization. From the description detailed in the question, the record described is most likely a payroll record. In summary, it's a documentation showing under what criteria are the employees of an organization paid.

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