Consider a perfectly competitive industry in long-run equilibrium. if a single firm in that industry discovers a significant cost-saving production technology, then the rest of the industry will quickly adopt the new technology.
A perfectly competitive market reaches long-term equilibrium when not all firms are making economic profits and the number of firms in the market remains the same. Minimizing the long-run average total cost.
In a perfectly competitive market at long-term equilibrium, an increase in demand produces economic gains in the short term and leads to market entry in the long term. Declining demand will lead to economic losses (negative economic gains) in the short term and will force some companies to exit the industry in the long term.
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Answer: Comparative anatomy has long served as evidence for evolution, now joined in that role by comparative genomics; it indicates that organisms share a common ancestor. It also assists scientists in classifying organisms based on similar characteristics of their anatomical structures.
Democrats had believed their candidate actually won.. Although They thought the voting system was unfair.. And they wanted to recount to decide a winner... The result was unconstitutional
Proper order of the steps that lead to assimilation-3. Incorporated crustal blocks within the magma melt, mixing with the magma. 1. The amount of silica in the magma increases and the magma composition changes accordingly 2. A magma forms and begins to migrate through the crust.
Order- 3, 1 & 2.
Explanation:
Due to high temperature and excessive pressure in the interior of the earth all the materials and minerals are found in liquid or in semi liquid stage which is known as magma. It is also enriched with some crustal blocks and when it comes to the earth's crust through fissures it creates lava.
When the silica content is high in lava it is called acid lava and when silica content is less it is called basic lava. Basic lava can flow into the large area due to less viscosity and acid lava can’t due to its stickiness.
By providing loans so people can open businesses, because they would have to pay taxes and other expenses
