Answer: Given, the ball bearing market is purely competitive. Also at the current stage the firms in this market are earning positive economic profits.
Therefore , in the long run as adjustments occur in the industry, we can expect the market price of ball bearings to<em><u> </u></em><u><em>decrease and individual firms' profits to decrease.</em></u>
This will take place as new firms will enter the market once they analyze that the existing firms are earning positive economic profits. Thus this will lead to decrease in price of ball bearing and further will lead to decrease in profit os a firm.
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<u><em>Therefore, the correct option is (d)</em></u>
<span>politely seek additional information by saying, I'm not sure that you really want to stay late. Do you have somewhere you need to be
When Stephen slams his desk drawer following him agreeing to work late when his manager asked, the manager should politely talk to him in order to get further information. The best way would be to state that the manager is feeling that Stephen doesn't really want to stay late, is there something Stephen needs to be doing?</span>
Answer:
a condition or circumstance that puts a company in a favourable or superior business position.