Basically I don’t know the answer but it wants me to put something
Answer:
The non public area of a large building
Explanation:
There is no public traffic to content with and ample space to work.
Answer:
A). equal to marginal revenue.
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.
Price = marginal revenue = average revenue
The largest Herfindahl-Hirschman Index that an industry can get is <u>10,000 </u>and the only industry this is possible in is a Monopoly.
The Herfindahl-Hirschman Index (HHI) is calculated by summing the squares of the market shares of the various companies in an industry.
In a monopoly, a company could have a 100% market share. When this happens, the HHI would be:
= 100 ²
= 10,000
In conclusion, the highest HHI is 10,000 and this can only happen in a monopoly.
<em>Find out more at brainly.com/question/4563430. </em>
