In perfectly competitive markets, firms in the market in the long-run, will earn zero economic profits.
<h3>What economic profits are earned in a perfectly competitive market?</h3>
In the short-run, there is a chance to earn a positive economic profit in a perfectly competitive market but this would then attract other companies into the market to make profits as well.
This then leads to the profits disappearing thanks to increased supply and lower prices. Companies would then leave and enter to either take advantage of profits or stop losses thereby keeping economic profits at zero in the long run.
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On August 7, 1964, Congress passed the Gulf of Tonkin Resolution, authorizing President Johnson to take any measures he believed were necessary to retaliate and to promote the maintenance of international peace and security in southeast Asia.
Tonkin Gulf Resolution
Authority granted by congress to President Johnson in 1964 to approve and support in advance " The determination of the president as commander in Chief, to take all necessary measures to repel any armed attacks against the U.S.
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A group of organs are called a system
Answer:
Breakfast: food - <em>nothing </em>Drink - <em>water</em>
Lunch: food - <em>pizza </em>Drink - <em>soda</em>
Dinner: food - <em>chicken and rice </em>Drink - <em>water & grape juice</em>
