Competitive price taker firms always earn zero economic profit in long-run equilibrium because of the following reasons which include easy entry & exit, small player etc.
Perfect competition exists when there are many sellers, firms can easily enter and exit, products are identical from one seller to the next, and sellers are price takers.
A perfectly competitive firm must accept the equilibrium price at which it sells goods because it is a price taker.
A perfectly competitive firm will be unable to make any sales if it charges even a small amount more than the market price.
Furthermore, a perfectly competitive firm must be a very small player in the overall market, allowing it to increase or decrease output without affecting the overall quantity supplied and price in the market.
Hence, Competitive price taker firms always earn zero economic profit in long-run equilibrium.
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The economic growth in the recruitment letter was demonstrated as a result of industrial production.
<h3>What is economic growth?</h3>
A stable uplift in the economic conditions, in comparison to the previous economic period(s), is regarded as an economic growth. It is driven by many external factors.
In the recruitment letter, it was found that the increase in the industrial productivity led to extreme economic growth in the United States of America.
Hence, the reasons for the economic growth have been aforementioned.
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Answer:
D. copayment; insured
Explanation:
When the person takes insurance than the person called as insurance policyholder who is holding his or her own policy so he or she must have to pay the copayment i.e. fixed amount for the service covered prior to receiving the service for each insured service prior to the insurance that covers the rest
Therefore the correct option is D
And, the rest ones are incorrect
Answer:
new politacal parties
Explanation:
im taking the test right now
Answer:
15%
Explanation:
because most company don't want to calculate interest of decimal number so they rounded it