A company that operates over the long term in a perfectly competitive market is compelled by competition to change its scale of operation until average cost is minimized.
More about perfectly competitive market:
In a market structure known as perfect competition, numerous businesses sell comparable goods while making almost little profit because of the intense competition.
A market that is perfectly competitive is one in which all enterprises sell the same good and where there are no barriers to entry or leave. The existence of several enterprises and the homogeneity and uniformity of the products are essential elements of perfect competition.
Learn more about perfect competition here:
brainly.com/question/10931687
#SPJ4
A. i think , hoped this helped
Answer:
The high point of economic activity is called a peak
The low point of economic activity is called a trough
The period between the high point of economic activity and the following low point is called an expansion
The period between the low point of economic activity and the following high point is called an acceleration
Explanation:
Answer:
<h2> hi please give brainliest plz follow me</h2>
Explanation:
<h2>c is correct answer </h2>
<h3>for more ::=</h3>
Fiscal policies are the government's attempt to influence the economy through taxation and spending. This is the main way that a government affects employment in that nation. ... Cut taxes to businesses, enabling them to hire more workers. Increase the ability of businesses to take loans from them to employ more workers.
Empowering people to change the way of production and making them aware of different aspects of the industry.
<u>Explanation:</u>
The challenges that are faced while managing a firm or a company are known as the managerial challenges. These challenges must be overcome to increase the level of production and the efficiency.
Some kinds of managerial challenges are the quality improvement of goods, work force diversity, empowerment and educating teams to make them aware of the different aspects of the industry, stimulating innovation and changes and so on.
