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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The flow of air caused by __a.differences in heating__ and the Coriolis effect creates distinct wind patterns on Earth's surface.
Answer:
the outlet line from the evaporator should be cold
Explanation:
This is one : The most widely used exercises for upper and lower body muscular strength testing are the bench press and leg press, respectively.
Answer:
The Federal Reserve uses three main contractionary monetary tools: increasing interest rates, increasing banks' reserve requirement, and selling government securities.
